KARACHI, Feb 8: President Gen Pervez Musharraf said here on Thursday that Pakistan offered the best investment environment in the region.

“The investment has grown by 1,200 per cent since 1999 and this will cross $ 4 billion this year,” the president told a select gathering at the ground-breaking ceremony of Rs11 billion twin-tower building Karachi Financial Tower (KFT), being built by Enshaa-NLC, a joint venture between UAE Enshaa Holding Ltd and National Logistic Cell (NLC) at the Governor House.

Sindh governor Dr Ishrat-ul- Ebad Khan, chief minister Dr Arbab Ghulam Rahim, federal ministers Sheikh Rashid Ahmed and Babar Khan Ghauri were also present on the occasion.

He was of the opinion that investment would keep coming with the continuation of existing policies of deregulation, liberalisation and privatisation of the economy followed by the government.

“We have created an investment-friendly environment in Pakistan. We have changed our rules and regulations to suit the investors coming to Pakistan. We have provided more facilities so that he (investor) feels confident that Pakistan is a venue for investment to earn money,” he added. He said this project would be tallest in Karachi and set new trend in high rise buildings.—APP