Filipino investors showed interest in information technology, real estate, tourism and human resources. These investors also showed indication to use Pakistan as a base for production of exportable goods.
Stewart Hall, President of Canadian Chamber of Commerce in the Philippines, met Finance Minister Shaukat Aziz and Liaquat Jatoi, Minister for Industries here Tuesday and identified real estate as major driver for Filipino investment, and added that they would explore opportunities of investing in low cost housing, shopping malls and hotel industry.
They said that potential of religious tourism could be tapped through packaging and marketing Buddhists and other holy sites in Pakistan. The investors appreciated Pakistan's economic performance, investment climate and competitive edge Pakistan had in offering human capital, infrastructure, trained manpower and advantage of location.
Shaukat said that Pakistan's economic performance, low interest rates, stable currency, transparent investment environment and location are ideal for investment to produce exportable goods for marketing in the region.
He offered government's assistance in encouraging investors to set up their businesses in Pakistan in transparent and hassle-free atmosphere.
Jatoi offered assistance for investment in export processing zones and textile cities.
Secretary, Industries, and senior officers of Ministry of Finance attended the meeting.
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