“We were expecting that investors would be interested in only big projects, like infrastructure, oil and gas and power but they have shown interest in hospitals and education as well”, he said.
Miftah was addressing a joint press conference along with Information Minister Senator Pervez Rashid after conclusion of a two-day International Investment Conference.
He said investors from New Zealand and UK wanted to make hospitals and universities and schools in the country while some delegates from Turkey and China showed interest in Liquified Natural Gas (LNG).
He attributed the success of the Conference to a good team work of the federal cabinet under the leadership of Prime Minister Nawaz Sharif.
“We were expecting that about 100 foreign delegates would participate in the conference but contrary to our expectations, over 240 foreign delegates participated which shows that they believe that political and security situation in Pakistan has improved and the atmosphere for doing business is becoming easy”, he remarked.
The chairman highlighted the three factors which are important for business including rule of law, independent judiciary and political stability. He said Pakistan needed to improve its ease of doing business index and global competitiveness. “Here the BOI in collaboration with the Finance Ministry, the World Bank and IMF is working on changing rules so that investments become fast and easy,” he added.
“All foreign investors have come to Pakistan on their own expense and the government did not bear their expenses,” he said.
Published in The Express Tribune, October 29th, 2014.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ