Islamabad: Prime Minister Muhammad Nawaz Sharif has said that Pakistan is suitable for investment and the government is fully committed to provide good business environment and opportunities for international investors.
The Prime Minister expressed these views at a meeting with Chairman Standard Chartered Bank‚ Sir John Peace‚ who called on him at the head of a delegation at the Prime Minister’s House on Wednesday.
The Prime Minister reiterated the resolve of his government to provide and promote excellent investor-friendly policies and measures by opening up and deregulating the economy.
He said that the recent hike in Foreign Direct Investment (FDI) in the country is an indication that the international investors have started showing their trust and confidence in the economic policies being pursued by the government. The Prime Minister expressed his resolve to improve them further.
The Chairman Standard Chartered appreciated the excellent business environment Pakistan offers and expressed his desire to expand Standard Chartered business in Pakistan by exploring new avenues for investment and opening up of new branches of the Bank.
The Chairman expressed his willingness to work hand in hand with the government of Pakistan in the Small and Medium Enterprises (SME) Sector Loan Schemes with the objective of alleviating poverty by generating employment opportunities for the young workforce available in the country.
The Chairman also expressed his desire to work in the spheres of knowledge transfer and financing aiming at skill-development and employment generation opportunities for the expanding youth of the country.
The Prime Minister said that majority of Pakistan’s population falls in the age bracket of 20 to 35 and those need to be provided with respectable job opportunities by developing their skills in order to harness their huge potential.
The meeting was also attended by Chairman Board of Investment‚ Muhammad Zubair and other senior officials of the Prime Minister’s Office.