Shujaat urges businessmen to speed up investment

13 Aug, 2004

Prime Minister Chaudhry Shujaat Hussain has advised the business community to speed up investment in the country to boost economic activity and provide more opportunities for doing business.
He expressed these views in a meeting with a delegation of leading businessmen, investors and entrepreneurs at the Prime Minister House here on Thursday.
The delegation led by Mian Muhammad Mansha included Tariq Saeed Saigol, Sheikh Mukhtar Ahmad, Abdul Razzaq Tabba, Iqbal Ibrahim, Mohsin Aziz, Gohar Ejaz, Mian Muhammad Saleem, Javed Saifullah Khan, Mian Shehzad Saleem, Mian Habibullah, Awais Mazhar Hussain, Muhammad Umar Virk, Sarmad Amin and Shahid Anwar Tata.
Finance Minister Shaukat Aziz and Punjab Chief Minister Chaudhry Pervez Elahi were also present during the meeting.
The prime minister renewed the commitment to continue economic policies initiated by President General Pervez Musharraf four years ago following which country's macroeconomic indicators have improved.
He said after gaining economic sovereignty their focus is now on microeconomic development so that the benefits of stability could reach the common man.
Showing satisfaction over the rise in domestic and foreign investment Chaudhry Shujaat hoped that this would create job opportunities and would alleviate poverty.
Due to the focused investment in the target sectors, the prime minister said, "The quality of our finished goods have been improved, which resulted in the record exports of over $12 billion. With the export-friendly policies of the government, we would be able to achieve this year's export target and would rather surpass it," he said.
He said the government has formulated policies that have reduced cost of doing business, which is facilitating the entrepreneurs.
Later, the prime minister hosted a dinner for the delegation.

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