AGL 35.70 Increased By ▲ 0.95 (2.73%)
AIRLINK 133.50 Decreased By ▼ -2.60 (-1.91%)
BOP 4.97 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.03 Decreased By ▼ -0.12 (-2.89%)
DCL 8.42 Decreased By ▼ -0.18 (-2.09%)
DFML 47.40 Decreased By ▼ -1.53 (-3.13%)
DGKC 75.00 Decreased By ▼ -0.75 (-0.99%)
FCCL 24.25 Increased By ▲ 0.06 (0.25%)
FFBL 46.00 No Change ▼ 0.00 (0%)
FFL 8.93 Decreased By ▼ -0.12 (-1.33%)
HUBC 154.10 Increased By ▲ 1.25 (0.82%)
HUMNL 11.00 Increased By ▲ 0.23 (2.14%)
KEL 4.06 Increased By ▲ 0.04 (1%)
KOSM 8.88 Decreased By ▼ -0.01 (-0.11%)
MLCF 32.75 Decreased By ▼ -0.26 (-0.79%)
NBP 57.80 Decreased By ▼ -0.10 (-0.17%)
OGDC 142.80 Increased By ▲ 1.50 (1.06%)
PAEL 26.01 Increased By ▲ 0.31 (1.21%)
PIBTL 5.92 Decreased By ▼ -0.12 (-1.99%)
PPL 114.60 Decreased By ▼ -0.10 (-0.09%)
PRL 24.15 Decreased By ▼ -0.10 (-0.41%)
PTC 11.47 Decreased By ▼ -0.06 (-0.52%)
SEARL 58.00 Increased By ▲ 0.50 (0.87%)
TELE 7.71 Decreased By ▼ -0.04 (-0.52%)
TOMCL 41.14 Increased By ▲ 0.44 (1.08%)
TPLP 8.67 Increased By ▲ 0.09 (1.05%)
TREET 15.08 Increased By ▲ 0.05 (0.33%)
TRG 59.90 Increased By ▲ 5.42 (9.95%)
UNITY 28.00 Decreased By ▼ -0.50 (-1.75%)
WTL 1.35 Decreased By ▼ -0.04 (-2.88%)
BR100 8,460 Increased By 83.9 (1%)
BR30 27,268 Increased By 161.9 (0.6%)
KSE100 80,461 Increased By 970.2 (1.22%)
KSE30 25,468 Increased By 399.6 (1.59%)

ISLAMABAD: Prime Minister Shehbaz Sharif has said the government is removing all obstacles in the way of foreign investment in the country.

He was talking to Chairman of the globally renowned petroleum company Gunvor Group Torbjorn Tornqvist and Regional Vice President of Total Energies Mehmet Celepoglu, who called on him here at his office, said a statement of the PM Office.

During the meeting, the prime minister said that Pakistan’s economy is stabilising and moving towards development.

He highlighted that swift reforms are being made to increase investment and business activities in the country and emphasized the continuation of the positive outcomes of prudent economic and business policies.

“The Chairman of Gunvor Group expressed a strong interest in investing in Pakistan’s petroleum sector,” according to the statement.

The prime minister was briefed that Gunvor Group has already signed an agreement to acquire 50 percent of Total Parco’s shares in Pakistan.

The prime minister instructed the relevant authorities to provide every possible facility to Gunvor Group for its investment in Pakistan.

Copyright Business Recorder, 2024

Comments

200 characters
Zia Ullah Khan Sep 17, 2024 10:30am
Says the man who is the biggest barrier himself
thumb_up Recommended (0) reply Reply
KU Sep 17, 2024 10:49am
And please release the local Pakistani investors from clutches of public sector and remove obstacles from their path as well.
thumb_up Recommended (0) reply Reply
Tariq Qurashi Sep 17, 2024 12:15pm
It is not just the barriers to foreign investment that need to be removed, but also the barriers to local investment. It would be interesting to know what obstacles are in the process of being removed
thumb_up Recommended (0) reply Reply
Majid Sep 17, 2024 01:54pm
Instead of making policies and laws that benefit for setting up local industries so that the domestic investors can invest easily instead of real estate. Fix the basics first before FX
thumb_up Recommended (0) reply Reply
zh Sep 17, 2024 07:40pm
How many times Shehbaz will remove all barriers?
thumb_up Recommended (0) reply Reply
Arsalan Sep 18, 2024 07:12am
Give a chance to local investors on a preferred basis. They can also accept their returns in Rupees even. But our whole focus is on dollars and then we end up paying back in dollars. remember IPP's!!!
thumb_up Recommended (0) reply Reply
Arsalan Sep 18, 2024 07:13am
PDM 2.0 is also a Barrier
thumb_up Recommended (0) reply Reply
MZI Sep 18, 2024 12:56pm
Courts will not allow fixing the biggest barrier: PTI's politics of disruption, instability, chaos, & destruction.
thumb_up Recommended (0) reply Reply