Level playing field provided to investors: Prime Minister

08 Feb, 2005

Prime Minister Shaukat Aziz on Monday said Pakistan was providing level playing field to all investors and facilitating the private sector to play its role in economic growth. Talking to Simon Radolph, head of Asia Region Templeton Asset Management to Pakistan, Shaukat Aziz briefed him on the government's structural reforms and deregulation policies.
He said the continuity and sustainability of economic policies have made IT, telecom, oil and gas, power, agro-based industry and services sectors as potential areas for investment.
The manufacturing sector was growing rapidly, offering opportunities for more investment, the Prime Minister added.
Shaukat Aziz said Pakistan could serve as a hub for exports to Middle East, Central Asia and Africa because of its strategic location.
He also briefed Simon Radolph on the dialogue process with India for ensuring peace in the region. The Prime Minister said Pakistan as a peaceful country was striving for stability in the region so that it could focus on development and prosperity of the people.
The government, Shaukat Aziz said, was also focusing on agriculture sector to improve the living standard of the people of the rural areas and providing them basic amenities of life. This would not only boost the agricultural production but also provide quality raw material to agro-based industries, he added.
The Prime Minister said that over-subscription of Euro Bond last year and Sukuk Bonds early this year was a clear manifestation of the investors' growing confidence in Pakistan.
Simon Radolph while praising Pakistan's economic and fiscal policies said the country has earned credibility in the international capital market and won the confidence of investors.
Pakistan's economic reforms and deregulation policies were a model for other developing countries to emulate, he added.

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