The launching of the Global Investment Bank in Pakistan by the Emirates Investment Group is a testimony of the confidence of international business community in the economic stability, high growth and bright future of Pakistan, Prime Minister Shaukat Aziz said.
The Prime Minister was talking to Sheikh Tariq Bin Faisal Al-Qassimi, Emirates Investment Group who called on him on Wednesday. The Prime Minister said foreign investments are consistently growing and during the last financial year record foreign investments of $3.9 billion were made.
Which was 132 percent increase compared to the previous year's figured and during the first seven months of the current financial year 123 percent growth in foreign investments has already been witnessed as $3.6 billion have been invested by foreign entities. This year more than $05 billion are expected as foreign investments, the Prime Minister added.
The Prime Minister said that all this has been made possible due to the success of the broad based reform agenda undertaken by the government during the last seven years, consistency, continuity and transparency of the policies.
Sheikh Tariq Bin Faisal Al-Qassimi said his Group is impressed by the hassle free environment in Pakistan for investments and they are working on several plans to investment more in real estate and construction sectors in Pakistan.
He said the Emirates Investment Bank would have a special focus on Islamic banking, which is growing in Pakistan. The meeting was attended among others by Federal Minister for Privatisation and Investment Zhaid Hamid and senior officials.
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