While addressing at the meeting of Pakistan Delegation with US Businessmen and investors, Finance Secretary Dr. Waqar MasoodKhan stated that Pakistan economy has undergone a remarkable turnaround in last three years. As a result of business friendly policies of the current Government, Pakistan has become an ideal choice for Foreign Direct Investment.
Finance Secretary narrated that prevailing inflation and interest rates are the lowest in last 4 decades. He said that as a result of fiscal discipline, the Government has narrowed down fiscal deficit and increased tax collection which has helped in enhancing flow of credit to private sector. He further added that the private sector lending has more than doubled during last one year and therefore, the US investors should also benefit from the this window of opportunity and increase capital investment in Pakistan.
He informed the audience that only the second time in the history, Pakistan has completed an IMF Program which has been appreciated by the International Financial Institutions and Global investors. He said that the confidence of financial markets in Pakistan was proven by the successful issuance of Sukook Bonds yesterday which were oversubscribed 5 times at the lowest rates in our history.
Dr Khan concluded with remarks that the foreign exchange reserves have reached a historic level of over $23.5 billion therefore the investors should be confident about safety of their investment.
At this occasion Ambassador Jalil Abbas Jilani informed participants that the government has been facilitating issuance of visas to businessmen and investors to promote investment in Pakistan. He reiterated that the genuine businessmen will continue to get multiple entry visas on priority basis.
October 06, 2016