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22 December 2004 Wednesday 09 Ziqa'ad 1425



Environment conducive for investment: Aziz


ISLAMABAD, Dec 21: Prime Minister Shaukat Aziz on Tuesday said the government has provided enabling and conducive environment to stimulate private sector growth and urged investors to take full advantage of the investment friendly environment.

Talking to Javed Hamid, Director International Finance Corporation (IFC) here at Prime Minister House, Shaukat Aziz asked IFC to strengthen its partnership with the private sector to enhance investment in Pakistan.

The Prime Minister said Pakistan has achieved over 6 per cent GDP growth rate and there exists great potential for investment in various sectors. He said Pakistan's privatization programme offers great opportunities for investment.

The Prime Minister said IFC should pro-actively participate in these areas, especially in manufacturing and services sectors. Shaukat Aziz said IFC should assist the private sector entrepreneurs in Pakistan to meet the challenges of WTO regime after January 2005.

The IFC Director while praising Pakistan's structural reforms in fiscal sector said IFC was very keen to participate in the process of development in Pakistan. Javed Hamid said IFC was interacting with both private and public sectors to finance the projects, which could accelerate the process of industrialization. -APP




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