London visit: Pakistan's economy turning around, says PM

Chinese investment of $46 billion has been unprecedented, says PM

Prime Minister Nawaz Sharif while addressing media in London urged foreign companies and entrepreneurs to seize lucrative investment opportunities in Pakistan, as security situation and economy have considerably improved, according to Radio Pakistan. 

The premier informed that with inflation at a 13-year low, improved GDP growth and high forex reserves, the country's economy is turning around.

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Commenting on the energy crisis being faced by Pakistan, he said the country would soon be rid of its electricity and gas crisis as the government has has initiated a number of energy projects with the cooperation of China.

Referring to the China-Pakistan Economic Corridor and Chinese President Xi Jinping's recent visit to Pakistan, PM Nawaz termed the visit "very productive" and said the Chinese investment of $46 billion has been unprecedented.

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The premier further spoke on the security of planned projects and made mention of the government's efforts to raise a force exclusively committed to providing security to Chinese workers in the country.

Media personnel were urged by the prime minister to focus on the country's economy and portray Pakistan as a developing country which was moving in the right direction.

Read: World Bank projects: Pakistan's economic growth at 4.4%

PM Nawaz cleared any misconceptions of Saudi Arabia having handed a 'wish-list- to Pakistan pertaining to the Yemen crisis, following his visit to Riyadh earlier this week.

He said the Saudi leadership had been assured that if any threat came to the territorial integrity of Saudi Arabia, Pakistan would stand shoulder to shoulder with the Saudi brethren.