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ISLAMABAD: Prime Minister Shehbaz Sharif has said the government is removing all obstacles in the way of foreign investment in the country.

He was talking to Chairman of the globally renowned petroleum company Gunvor Group Torbjorn Tornqvist and Regional Vice President of Total Energies Mehmet Celepoglu, who called on him here at his office, said a statement of the PM Office.

During the meeting, the prime minister said that Pakistan’s economy is stabilising and moving towards development.

He highlighted that swift reforms are being made to increase investment and business activities in the country and emphasized the continuation of the positive outcomes of prudent economic and business policies.

“The Chairman of Gunvor Group expressed a strong interest in investing in Pakistan’s petroleum sector,” according to the statement.

The prime minister was briefed that Gunvor Group has already signed an agreement to acquire 50 percent of Total Parco’s shares in Pakistan.

The prime minister instructed the relevant authorities to provide every possible facility to Gunvor Group for its investment in Pakistan.

Copyright Business Recorder, 2024

Comments

200 characters
Zia Ullah Khan Sep 17, 2024 10:30am
Says the man who is the biggest barrier himself
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KU Sep 17, 2024 10:49am
And please release the local Pakistani investors from clutches of public sector and remove obstacles from their path as well.
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Tariq Qurashi Sep 17, 2024 12:15pm
It is not just the barriers to foreign investment that need to be removed, but also the barriers to local investment. It would be interesting to know what obstacles are in the process of being removed
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Majid Sep 17, 2024 01:54pm
Instead of making policies and laws that benefit for setting up local industries so that the domestic investors can invest easily instead of real estate. Fix the basics first before FX
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zh Sep 17, 2024 07:40pm
How many times Shehbaz will remove all barriers?
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Arsalan Sep 18, 2024 07:12am
Give a chance to local investors on a preferred basis. They can also accept their returns in Rupees even. But our whole focus is on dollars and then we end up paying back in dollars. remember IPP's!!!
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Arsalan Sep 18, 2024 07:13am
PDM 2.0 is also a Barrier
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MZI Sep 18, 2024 12:56pm
Courts will not allow fixing the biggest barrier: PTI's politics of disruption, instability, chaos, & destruction.
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