Govt eager to facilitate foreign, local investors

The government is committed to facilitating foreign as well as local investors to revive state-owned enterprises in line with the vision of Prime Minister Imran Khan and turn them into profit-making entities, said Federal Minister for Privatisation Mohammed Mian Soomro.

In a meeting on Friday, he welcomed foreign investment in Pakistan and promised to provide all possible facilities, support and information to the investors.

According to him, roadshows are the most effective way of reaching out to potential investors in an efficient manner as this strategy has the potential to take marketing to the next level.

He announced that the Ministry of Privatisation had initiated a series of roadshows with international and local investors for the revival of Pakistan Steel Mills (PSM).

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“Meetings with consortiums of renowned investors from Korea and China were held on Friday,” he said. “So far, groups of companies from China, Korea and Russia have interacted with us and they have shown keen interest in the investment potential of Pakistan in general and the Pakistan Steel Mills in particular.”

He stated that PSM had been non-functional since 2015 and the government had devised a unique and feasible transaction structure for its revival.

Published in The Express Tribune, September 18^th, 2021.

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