Federal Minister for Industry and Production Jehangir Khan Tareen on Friday said Pakistan was standing at the kick-off stage to expand its industrial base. "Industrial parks are being opened in every big city of the country. The industrial zones would be equipped with all necessary infrastructures to facilitate the investors to establish their units," the Minister told the PTV.
He said the investment-friendly atmosphere of Pakistan was very effectively presented before the foreign investors during the recent visit of Prime Minister Shaukat Aziz to the European countries.
The Minister said the visit remained highly successful as Pakistan received a unique kind of response from the business community. Foreign investors were apprised about the consistent and stable economic polices of the country and the gradually improving macroeconomic indicators, he added.
Fiscal deficit was under control, the currency was stable and foreign exchange reserves were improving, the Minister said, adding the launch of Islamic bond 'Sukuk,' Pakistan's credibility in the comity of nations had improved.
To a question, he expressed the hope that the country would cross seven- percent Gross Domestic Products (GDP) growth rate during the current fiscal year.