Government wants private sector to become an engine of growth: Prime Minister

Caretaker Prime Minister Mohammadmian Soomro on Friday said Pakistan has always welcomed foreign investment to allow friendly countries to take advantage of Pakistani markets and investment friendly policies.
This trend, the Prime Minister said, is being encouraged so that joint-investment companies can participate in industrial projects, financial services as well as infrastructure projects. He was talking to Aizaz Sarfraz, Managing Director, Pak-Iran Joint Investment Company, who called on him here at the Prime Minister Secretariat on Friday.
The Prime Minister said Iran is a very important investor and trading partner of Pakistan and the relations between the two countries are developing very well. He said besides Iran, Pakistan has joint venture investment companies with Kuwait, Saudi Arabia, Libya, Brunei and China. There are several other ventures under consideration with other countries, the Prime Minister said. This model of cooperation between institutions of friendly countries has been a catalyst to promote investment and trade between Pakistan and these countries, he added.
"Our strategy for improving the investment climate is multi-pronged - marked by financial sector, trade and taxation reforms, dismantling of archaic procedures, better enforcement of civil contracts and documentation of property rights, infrastructure development and, above all, ensuring consistency and continuity of government policies", he added.