Elimination of militancy to help boost foreign investment: President tells GEC team

President Mamnoon Hussain Tuesday said the government is offering 100 percent repatriation of equity and profit to foreign companies on making Foreign Direct Investment (FDI) in Pakistan. The President said that atmosphere is conducive for foreign investors, as militancy is under control and the menace would completely be eradicated soon.
The President expressed these views in a meeting with a delegation of General Electric Company led by its Chief Financial Officer Frederick at Aiwan-e-Sadr. President said elimination of militancy would help boost foreign investment, as Pakistan offers the best trade regulations in the region. He said that Pakistan was on the right path as its economy was growing better than regional countries despite international economic crisis.
He said the government was working on several important projects for next four years, which would create business opportunities for foreign investors. Mamnoon asked General Electric Company to benefit from investment opportunities in Pakistan and invited it to particularly invest in power and railways sectors.
The President appreciated the General Electric Company for its support in Pakistan's energy, transport and aviation sectors. He said the Prime Minister and his energy team was determined to end power crisis, adding that the problem would be resolved during the tenure of the incumbent government. The President said that Pakistan has good relations with the United States and they would be strengthened further with the passage of time.
Talking about the issue of polio, the President said the government's efforts would help eradicate polio at national level. The meeting was attended by Board of Investment (BoI) Secretary Syed Iftikhar Hussain Babar, Secretary Petroleum and Natural Resources Abid Saeed, Secretary Planning Commission Hassan Nawaz Tarar, Secretary Railways Parveen Agha, Secretary Water and Power Muhammad Younus Dagha and President's Secretary Ahmed Farooq.