Govt strategy builds investor’s confidence
Investors made high investment during June as there was growing confidence among them that the IMF loan programme would be revived. Photo: file
Federal Minister for Commerce, Jam Kamal Khan, stated on Monday that the government’s new strategy, focusing solely on facilitation, has significantly enhanced the confidence of investors and businessmen in its commitments, heralding a new era of economic growth and cooperation.
Addressing a press conference during the Two-Day Pakistan-Saudi Arabia Investment Conference, the minister said that unlike in the past, the current government has restricted its role to facilitating and promoting businesses, crucial for fostering a robust economy. He highlighted the importance of this approach in shaping foreign policies and fulfilling commitments with respect.
The minister, accompanied by Federal Minister for Information and Broadcasting Attaullah Tarar and Federal Minister for Petroleum Dr Musadik Masood Malik, noted that this new approach has already produced positive outcomes, with Saudi investors expressing confidence in the government’s commitments. He attributed this trust to the government’s consistent follow-through on its promises, exemplified by frequent meetings between Prime Minister Shehbaz Sharif and the Saudi Crown Prince, Mohammed bin Salman Al Saud, along with ministerial engagements over the past two months.
The government’s initiatives have resulted in an influx of approximately 100 foreign companies from various sectors, including energy, food, construction, and IT, engaging with Pakistani businesses. This enthusiasm was evident at the ongoing conference, where business communities from both countries convened to explore opportunities.
Published in The Express Tribune, May 7th, 2024.
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