ISLAMABAD, Nov 5 (APP): Minister for Information, Broadcasting
and National Heritage Senator Pervaiz Rashid Thursday said that
Pakistan had become a favourite destination for foreign investors due
to investment-friendly policies of the present government.
Addressing a joint press conference along with Board
of Investment (BoI) Chairman Miftah Ismail here, he said honesty,
corruption-free policies and transparency were prerequisite for
investment and Pakistan had all these qualities to attract foreign
Businessmen invested in those countries only where they thought
that their investment was safe and that they would get a level-playing
field, he added.
Talking about inward foreign remittances, the minister said the
same had registered an increase in last two years, besides foreign
exchange reserves had swelled and inflation rate decreased. These indicators, he said, clearly showed that Pakistan had an
investment-friendly environment and all international surveys
certified that.
To a question, he said all the delegates, who attended the
conference, wanted to either start or expand their businesses here.
Last year, he said, some 620 delegates attended the conference
this year against 300 last year which reflected over 100 per
cent increase. This proved that Pakistan was considered as an
investment-friendly country, and the BOI and its chairman deserved
credit for it.