Pakistan will become major destination for international companies: PM Nawaz

The premier addresses a meeting with CEOs of international commercial organisations in Islamabad


News Desk February 09, 2017
The premiere was addressing a meeting with CEOs of international commercial organisations in Islamabad. PHOTO: RADIO PAKISTAN

Prime Minister Nawaz Sharif said on Thursday that Pakistan will soon become a major destination for international companies willing to invest in the country.

“Pakistan is an expanding market for US products with a fast growing middle class. Pakistan will become a major destination for international companies,” he said.

PM Nawaz urges nation to focus on sciences

The premier was addressing a meeting with CEOs of international commercial organisations in Islamabad.

PM Nawaz also went on to draw potential investors' attention towards Pakistan’s strategic location as it connected to the rich central Asian states.

He termed the on-going China-Pakistan Economic Corridor (CPEC) a key regional initiative with shared prosperity.

Emphasising on the project’s benefits, the prime minister said it will substantially shorten the distance between Africa and Middle East while these countries to Central and South Asian region.

Nawaz further highlighted the economic progress made by his government, adding that the economy faced severe energy shortages, inflationary pressures and a precarious security environment prior to his tenure.

“Today, the government has managed to stabilise the economy despite unfavourable global economic conditions,” he said.

The premier said that the GDP growth before 2013 stood at 3%, and now the country is expected to achieve 5.5% GDP growth rate this year. He hoped that the economy would grow over 8% between 2018 and 2015 while marinating a-single-digit inflation.

 

COMMENTS (6)

seriously? | 4 years ago | Reply "Emphasising on the project’s benefits, the prime minister said it will substantially shorten the distance between Africa and Middle East " How will CPEC do this? "while these countries to Central and South Asian region." How will CPEC give greater access to South Asian nations to the Middle east? Pakistan denies access to India for trade transit and hence India reciprocates by denying transit through India to trucks coming from Pakistan going to Burma, Nepal, Bhutan and Bangladesh. Sri Lanka is an island anyway and it would be completely illogical to access Sri Lanka through Gwadar instead of a Sri Lankan port. "“Pakistan is an expanding market for US products with a fast growing middle class. Pakistan will become a major destination for international companies,” he said." Which Amercian products? Could Nawaz Sharif please elaborate? Most cars and white goods sold in Pakistan are either made in China, Japan or South Korea.
Lolz | 4 years ago | Reply Yeah, like Uber and Careen, right?
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