Pakistan needs FDI for prosperity: Alvi
Alvi said Pakistan managed to control the virus owing to the measures taken by the government. PHOTO: FILE
Pakistan needs more foreign direct investment (FDI) for prosperity and the government will protect investor’s interest as well as create a swift response/ communication system to address their issues, said Pakistan President Arif Alvi on Friday.
Addressing the inauguration ceremony of “Challenge Textile Park”, a new project of Challenge Textile Factory on Lahore-Multan road with Chinese investment of around $150 million, the president said that the park would provide employment to thousands of people.
“Pakistan needs such investments from Chinese investors; already Pakistan is heading towards an industrial revolution due to the China-Pakistan Economic Corridor, however, we need and welcome more Chinese investors in our country,” Alvi said.
He said that the world needed Pakistan as isolating any country economically was not possible in the digital age.
“We invite Chinese investors to invest in Pakistan and give a positive message to the world,” he added.
The government was working effectively to establish Special Economic Zones (SEZs) in the country, which would create employment opportunities and promote the industrial sector, Alvi said.
He voiced hope that the future would be good for Pakistan as the country had managed to control the Covid-19 pandemic and produce its vaccine locally. “No one in the world can stop us,” the president said.
He said that the Covid-19 pandemic had engulfed the entire world, however, Pakistan managed to control the spread of the virus owing to the measures taken by the government.
“Likewise, the decision of keeping the domestic industry moving during the peak cycle of pandemic has proved to be right, the results of which are reflecting in our economic growth,” he added.
On the occasion, Pakistani businessman and facilitator of Chinese investments Qamar Khan said that the investment from China-based textile company had provided employment to thousands of people in the country, adding that several other companies from China were investing in various sectors in Pakistan.
Published in The Express Tribune, September 25th, 2021.
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