ISLAMABAD, March 29(Online): Pakistan is open for all investors for investment in all sectors without any discrimination or restrictions on bringing in or taking out capital.
Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation and Investment stated this during a meeting with the visiting UAE investors delegation here Monday.
The Minister said that the government was ready to facilitate investors to promote investment activity in the country. The investors were free to form joint ventures or establish their own businesses with 100 percent equity while more than 600 multinational companies were successfully operating and making profits in Pakistan, which has become a safe haven for investors due to the government's liberal economic policies, development at macroeconomic level and Foreign Investment doubled during the last three years, he said.
He informed that the delegation of that investors from Middle East had shown keen interest in our transactions such as HBL, UBL, Bank Al-Falah, KESC and were actively participating in the Privatisation process of PTCL, PSO, OGDC, PPL, NRL, Jamshoro Power Company and other electric distribution units, which were progressing satisfactorily.
In the social sector Health, Education and Information Technology were the promising areas for investment, he added.
The delegation leader Mr. Yousef Jameel, Chairman ALJ Group UAE briefed the Minister regarding their activities in micro processing, new concept of securities in biometrics and developing new therapy in collaboration with German companies for cancer treatment and expressed keen interest in establishing Cancer research activity, other healthcare areas and discussed the possibilities of taking part in the Privatisation of some upcoming entities. Mr. David Hodgkinson, Deputy Chairman HSBC and Mr. Iqbal Khan, CEO, HSBC Amanah were among the other members of the delegation.
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