ISLAMABAD: Finance Minister Ishaq Dar gave a wide-ranging briefing to ambassadors, diplomats and leading business community on the business climate and investment opportunities in Pakistan, on Friday night.

Together with Sartaj Aziz, Adviser to the Prime Minister on National Security and Foreign Affair and Miftah Ismail, Chairman of Board of Investment, Dar explained to ambassadors and diplomats of friendly countries the investment policy being pursued by the government, terming Pakistan a heaven for investment, and urged them to take benefit from the investment opportunities in Pakistan.

Ambassadors of United States, United Kingdom, Italy, Argentina and Qatar, high commissioners of various countries besides heads of commercial sections of diplomatic missions attended the briefing.

The finance minister said that the government through its prudent and investment friendly economic policies has opened up various sectors of the economy for investment. He urged diplomats to convince investors in their respective countries to visit Pakistan and explore the immense opportunities for trade and investment.

He explained the government’s economic policies and gains in the recent months, successful talks with IMF and uplift of rankings by Standard and Poor’s (S&P) and Moody’s.

He stated that Pakistan offers unique strategic location, attractive investment policies, huge comparative advantage, dedicated skilled and cheap labour force.

He said the government’s sound economic policies led to build-up in foreign exchange reserves and the restoration of development loans by the World Bank Group.

Miftah Ismail explained that Pakistan blessed with natural and human resources, was the ultimate destination for foreign investors with lucrative incentives under the government’s investment-friendly policy.

He also asked envoys to take advantage of the lucrative investment climate in Pakistan and motivate the investors, trade and business communities in their respective countries to investment in Pakistan for their own benefit as well as the socioeconomic prosperity of people in the country.

Published in Dawn, May 24th, 2015

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