June 02, 2006	Friday	Jumadi-ul-Awwal 5, 1427

ISLAMABAD, June 1: Middle East is emerging as a major source of foreign investment in Pakistan, owing to lot of economic potential, geographical proximity and a large number of Pakistani community in the region.

This was stated by Commerce Minister Humayun Akhtar Khan while inaugurating the envoys conference in Abu Dhabi on Thursday, according to a message received here.

He said the post nine eleven scenario had totally changed outlook of investment in the Middle East countries, as they were now retrieving their money back from the West and were looking for new countries to invest it.

The condition was getting quite conducive to attract foreign investment in Pakistan, he said and added this conference was very significant in the emerging scenario for this region as well as for Pakistan.

The commerce minister said the economic policies introduced by the present government had yielded good results with per capita income increasing considerably during the last three years.

He said the gains from the economic growth were sure to trickle down to the common man in a short to medium period of time.—APP