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Foreign investment to boost country's economy: PM

11 February, 2014

ISLAMABAD: The strategy pertaining to foreign investment with particular reference to the mega infrastructure projects has been rejuvenated in the high echelon meeting here on Monday with Prime Minister Nawaz Sharif in the chair.

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ISLAMABAD: The strategy pertaining to foreign investment with particular reference to the mega infrastructure projects has been rejuvenated in the high echelon meeting here on Monday with Prime Minister Nawaz Sharif in the chair.

Several important steps are being taken to ensure constant inflow of huge investment and China is being focused for the purpose. The prime minister, while chairing the meeting, said that foreign investment in Pakistan would provide the much-needed boost to its economy and generate employment opportunities. The meeting reviewed the pace of investment where Nawaz Sharif attended a presentation on mega infrastructure development projects, including the Gwadar Port, railways and energy projects.

The PM said that the government had prioritised the mega projects in order to put the economy of the country on right track. He issued directions that a timeline should be established for the prioritised projects and they should be completed accordingly.

Nawaz Sharif said that Pakistan has growing strategic relationship with China and Pakistan welcomes new and innovative ideas in every field. He reminded that the investment in ports, railways and energy sector wouldn't only provide necessary impetus to the economy but at the same time it would generate employment opportunities.

The PM said that Pakistan had always welcomed the Chinese investment, which has been a source of further strengthening the ties between the two countries. China has been forthcoming in making investment in Pakistan and its approach throughout has been encouraging for Pakistan.

Prime Minister Nawaz directed the officials concerned that investors should be provided all possible assistance.Earlier the premier was briefed regarding various projects. He was informed that different Chinese companies have invested in these sectors of economy while others have shown interest.

The meeting was also attended by Chief Minister Punjab Mian Shahbaz Sharif, Minister Water and Power Khawaja Muhammad Asif, Minister Planning Ahsan Iqbal Chaudhry, Special Assistant to the Prime Minister Syed Tariq Fatmi and other senior government officials.

End.


 
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