November 27, 2008	Thursday	Ziqa'ad 28, 1429

ISLAMABAD, Nov 26: Foreign investment companies operating in Pakistan have agreed to establish an infrastructure fund of $2 billion. This was stated by Minister for Investment Waqar Ahmed Khan after a meeting with representatives of investment companies on Wednesday.

Talking to reporters, he said the ministry was working on a comprehensive strategy and expected to fetch investments, especially from China and the Middle East.

The minister said he would encourage foreign investors to benefit from the investment-friendly policies of Pakistan, adding that there was a great potential, especially in agriculture and livestock, oil and gas exploration and power sector.

Mr Khan said that the ministry was working to create an investor-friendly environment and assured that this policy would continue.

Those who attended the meeting included Khursheed Zafar, senior vice-president, Arif Habib Group; Kamaluddin Khan, managing director of Pak-Libya Holding Company; Zafar Iqbal, managing director of Pak-Oman Investment Company; Istaqbal Mehdi, managing director of Pak-Kuwait Investment Company; Ms Ayesha Aziz, managing director of Pak-Brunei Investment Company; and Syed Iqbal Ashraf, deputy managing director of Pak-China Investment Company.