Federal Minister for Water and Power Liaquat Ali Khan Jatoi has said that Pakistan's image has now improved so much that foreign companies are rushing here for investment. Talking to newsmen at Circuit House here on Saturday afternoon he said several heads of states and governments and high government functionaries are visiting Pakistan very frequently. He said Pakistan has broken the begging bowl under the leadership of President Pervez Musharraf who has steered the country out of a state of bankruptcy to profound economic progress and prosperity.
He said that Pakistan had only $300 million reserves when General Musharraf took over power and this amount was sufficient only for two weeks' expenses for Pakistan. He said that due to positive and sustainable policies of President Pervez Musharraf, the country's foreign exchange reserves now amount to $13 billion.
The Minister said that in power sector, "we have a surplus of 2000 megawatts". He said this surplus power is being supplied to towns and villages with priority to rural and remote areas. He said that a US firm has signed an MoU for investment of $1.5 million in power sector. He said the gigantic projects of Gwadar port, Textile City, and Coastal Highway would change the fate of the respective areas from poverty to progress and prosperity.
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