Musharraf seeks ’more’ foreign investment to overcome terrorism, extremism
18 April, 2006
KARACHI: President General Pervez Musharraf Monday sought help from the foreign investors particularly Americans for the elimination of the terrorism and extremism from Pakistan.
He was addressing luncheon hosted in his honour by American Business Council here in a local Hotel .
Federal Minister for Trade Humayun Akhtar Khan, Nisar Maimon and Chairman of the American Business Council Zubair Soomro were also present on the occasion.
He said that if the foreign investor thrust their investment in Pakistan then it would definitely help in eliminating the terrorism and extremism from Pakistan because it is a common factor that unemployed people do become a victim of terrorism and extremism. Now it has become vital that we should create more job opportunities and get rid of the menaces of terrorism and extremism, he added.
There are tremendous investment opportunities in Pakistan and the investment by US investors is a good omen for Pakistani economy, however US should invest more and more in Pakistan.
The government of Pakistan is moving on the path of liberation, deregulation and the policy of the Privatization which is yielding fruitful results, he held.
Commenting on the Balochistan issue the President said we have resolved the issue of Balochistan and now there is a complete peace and the issue of Waziristan will also be resolved soon. We are committed to bring political reforms in the Balochistan and Federally Administered Tribal Areas (FATA). Soon the system of political agents will be abolished, he added.
He further said that the government has decided to launch mega developmental projects in Waziristan and FATA, which would facilitate the people of the both areas.
Pakistan, which is the growing economic hub due to its geographic location, has provide an important platform for the trade in Central Asia and Afghanistan, he said.
He further said that the Pakistan’s economy is rapidly growing and record growth has been witnessed during the past few years and the GDP growth rate has been increased by 8 percent and it is expected that export of the country will cross the figure of 18 billion during the current fiscal year. While the direct foreign investment will also cross the figure of $3 billion in the current fiscal year.
"Six universities of Science and Technology are being set up to promote skills and training among the youth and to increase manpower in the country", said President.