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The structural reforms carried out by the government over the years and consistency in economic policies have created an investment friendly climate in the country, which offers level playing field to all investors. This was stated by Prime Minister Shaukat Aziz while talking to Gary Jones, Senior Vice President, Total Parco, who called on him at the Prime Minister's House on Wednesday.
The Prime Minister said that the government pursues a policy of transparency, efficiency, and professionalism while maintaining business like atmosphere in order to create an enabling environment so that business can flourish and prosper. This, he said, would encourage more investment thus creating new employment opportunities in the country.
The Prime Minister said that this year we will have more than one billion dollars in foreign direct investment, which is the highest and we are expecting the next year to be even better.
Gary Jones apprised the Prime Minister of the operations of his company in Pakistan and informed that it has now installed 100 petrol pumps in the country and plans to double it in the next two years. These pumps, he said, are the most visible example of French investment and interest in Pakistan.
The Prime Minister said that due to high growth in the economy, which is spread over all sectors there has been a rise in the middle class which has rowing purchasing power and more consume oriented. The Prime Minister said that the increase in middle class and their purchasing power could be gauged from the increase in telecom subscribers, which has risen to 10 million and is likely to reach 30 million in the next three years. Similarly, there has been an increase in sales of motorbikes, automobiles and other consumable goods in the rural areas.
Gary Jones said that he was impressed with the phenomenal growth in Pakistan and the political will to carry on with the present economic policies based on liberalisation, deregulation and professionalism along with privatisation.

Copyright News Network International, 2005

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