Pakistan sparks $8.4b FDI in fiscal year 2007
Islamabad, Pakistan | August 23, 2007 by
Federal Privatization and Investment Minister Zahid Hamid has said that with increased economic growth in the country, the pace of foreign investment has increased manifold in the last few years, reports APP. Hamid said that the government has formulated investment-friendly policies aimed at providing even business opportunities to foreign and overseas Pakistanis to invest in Pakistan.
Thanks to positive economic policies, foreign investment here today is touching over $ 8.4 billion, with direct foreign investment (DFI) accounting for $ 5.1 billion, which set a record in the country’s history, added Hamid. More foreign investment is expected in the next couple of months as a result of which the foreign investment index will rise further.
The minister also stated the process of privatization is being carried out in a transparent manner and in accordance with the rules and regulations, adding that the government has earned $ 2 billion through the privatization process.
The privatization of Habib Bank Limited, National Bank, Jamshoro power project, Kot Addu power station, Heavy Electrical Complex, coalmines and hotels is also in the pipeline, Zahid Hamid revealed.
“Our privatization policy is crystal clear, keeping in view national interests,” he said, adding that efforts are on to attract more overseas Pakistanis, as well as foreign firms, to invest here.
He observed that due to effective polices, the national economy has attained a position of strength, which will be further strengthened with the passage of time.
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