Federal Minister for Privatisation Naveed Qamar has said that the higher interest rate will affect the investment, however the country will soon get out of economic crisis which is part of the global economic meltdown.
Speaking as a chief guest, at the graduate employer awards 2008 organised by PSHRM and Engage Human Resources (HER) at a local hotel on Tuesday, he said that the agreement with the International Monetary Fund was a difficult decision for the government.
He added that the government's decision to go to IMF was aimed to cope with the economic problems. He said that the government's consolidation was aimed to stabilise the political and economic systems of the country, in which it succeeded despite problems.
Later, he gave the PSHMR HR Awards 2008 to Telenor Pakistan for its employee life cycle engagement HR initiative. Other institutions received the award were Royal Bank of Scotland (RBS), Unilever Pakistan, Mobilink, P&G, Microsoft, Schlumberger and Siemens. While Wateen and British petroleum were identified as the most preferred graduate employers. On the occasion, Paul Keijzer, CEO HER, Khursheed Hadi, chairman HER and Navroz Surani president PSHRM also spoke.
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