The Chief Executive Officer of Trade Development Authority of Pakistan (TDAP), SM Muneer said that the government has improved security and investment situation and image of Pakistan which is attracting investors from all over the world. Muneer who is also patron-in-chief of the United Business Group (UBG) of FPCCI stated this while speaking to the business community, here on Friday.
He said the government has successfully improved security situation, improved policies, triggered growth and provided incentives to investors which has improved confidence of local and foreign investors. He said Pakistan is no longer a no-go area for foreign investors as hundreds of local and foreign companies are expanding their operations while policies of the government are being lauded on every international forum.
He lauded the decision of ECC to reduce power tariff for industrial consumers terming it a pro-growth decision which will trigger economic expansion and boost exports. Muneer said that the recent decision of ECC regarding LNG is satisfactory as it will help government achieve target of adding 10000MW electricity in the national grid by 2017 to eliminate load-shedding.
Muneer said that US 46 billion dollars Chinese investment reflects confidence in Pakistan and its unmatched potential which is backed by the efforts of the incumbent administration to forge cordial ties with neighbouring countries to stabilise the region. He urged the government to focus on GDP growth and provision of jobs in which business community will fully cooperate.
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