ISLAMABAD, March 17: Pakistan has become a destination of choice for foreign investment which is expected to cross record $5 billion this year. This was stated by Prime Minister Shaukat Aziz while talking to Dr Yousef Al-Zalzala, Chairman of Kuwait Gulf Link Petroleum Company, who called on him at Prime Minister House on Saturday.

The prime minister said that there was sharp upsurge in foreign investment witnessed by the country due to the successful structural reforms, high growth and macroeconomic stability achieved by the country.

He said that the consistency, continuity and transparency of policies had given confidence to the private sector to plan for the future which had contributed to fast growth and development of the country.

Mr Aziz said that acting in line with the requirements of the free market economy, the government was facilitating the private sector to play pro-active role while providing the necessary regulatory framework and enabling environment for the business community.

Mr Yousef Zalzala appreciated the investment-friendly policies of the government. He said that his company was already in business in Pakistan and was planning to expand its investment.

Separately, Federal Minister for Privatisation and Investment Zahid Hamid briefing a Kuwaiti delegation led by Dr Yousef

Al-Zalzala which called on him here on Saturday said that there were plenty of investment opportunities in all sectors of the economy with 100 per cent foreign equity and repatriation of profits.

Mr Zahid assured full support and assistance for Kuwaiti investors and briefed the delegation about macroeconomic indicators which were improving every year.

He also briefed them about the investment opportunities in various sectors with special reference privatisation of PSO and PPL.

Both sides agreed on further improving the investment climate beneficial to both the countries and to facilitate business groups of both the countries.