Businessmen urge the West to invest

The west should help counter propaganda against Pakistan, says FPCCI .

ISLAMABAD:

President Federation of Pakistan Chambers of Commerce and Industry, Zubair Ahmed Malik, on Saturday said that Pakistan offers some of the best investment-friendly and incentives-driven policies in the region offering countless opportunities to foreign investors.

Western nations shouldn’t let organised propaganda scare them away from exploring the enormous investment potential in different areas including energy, oil and gas exploration, coal mining, infrastructure, communication, telecom, agriculture and dairy development, he said.

Malik Zubair Ahmed said this while talking to a group of British journalists who met him at FPCCI Capital Office.

Pakistan offers over 180 million consumers, huge untapped resources, fully convertible currency, unrestricted equity, unconstrained repatriation of profit, no compulsion for a local partner, and no double taxation and attractive tax breaks, which has lured 600 multinationals with 100 from the United Kingdom into this promising market, he added.

Malik said that many leading global groups want to invest in Pakistan, the world’s sixth largest country by population, to enjoy higher returns, but western journalism has been scaring them away by defacing us.

The Western media calls us a partner in the war on terror but continues to project the security environment in a way which is far from the reality, while conveniently ignoring the price Pakistan has paid in this war which has adversely affected our economic growth and shattered the very fabric of society, said Zubair.

Published in The Express Tribune, September 8^th, 2013.

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