PM: (Pakistan embarked on path of high growth economy: PM)

ISLAMABAD: Prime Minister Mohammad Nawaz Sharif has said that Pakistan had embarked on the path of high growth economy and is heading towards a bright future.

Inaugurating the two-day Pakistan Investment Conference here on Wednesday, he asked the entrepreneurs and businessmen to take advantage of the business and investor friendly policies of the government.

He said our goal is to keep the government out of the market and facilitate the private sector to thrive and serve as the engine of growth. He pointed out that the government’s policy revolves around the elimination of terrorism, an end to energy crisis, economic development and promotion of education.

He said some hard decisions were taken for fast track development of the country and people showed confidence in recent by elections and local government elections. He said the remarkable economic turnaround made by the economy has also been recognized by the world leading rating companies.

The Prime Minister said that 25 industrial zones are being established on the three routes of China Pakistan Economic Corridor to generate thousands of job opportunities. He said a gas pipeline is being laid between Gwadar and Nawab Shah and an agreement has also been signed with Russia to lay gas pipeline between Lahore and Karachi.

He said coal, gas, solar and wind power projects are being established to end the power outages by 2017. He said, in addition, we are also working on hydel projects including the fourth extension of Tarbela and Dasu Dam.

He said projects like Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline project and CASA 1000 will also bring energy in the system and promote regional connectivity. He said significant progress has been made in controlling extremism and terrorism. Zarb-e-Azb operation has yielded positive results.

Nawaz Sharif said Pakistan desires peace within and outside its borders. He reiterated the desire to have friendly relations with all the neighbors and the world at large for sustainable development.

Apprising the investors about the internal security situation, Defense Minister Khawaja Asif said back of the terrorists has been broken in successful Zarb-e-Azb operation. He said peace and tranquility in the country provides excellent opportunity to the investors to fully utilize pro-investor policies of the government.

In his welcome address, Chairman Board of Investment Miftah Ismail said Pakistan is blessed with human and natural resources which make it the most attractive place for investment. Business delegations from over 29 countries are participating in the Investment Conference.