President General Pervez Musharraf said on Wednesday that Pakistan's consistent economic growth and investor-friendly environment are set to attract foreign investment into a number of promising sectors. The President remarked this during a meeting with a three-member delegation of an international business group Damac that called on him. The foreign entrepreneurs, he said, enjoy a level playing field and their investment is legally protected.
President Musharraf informed the delegation that foreign direct investment in the country has risen and key sectors including Information Technology and housing are witnessing an unprecedented boom. In addition, he said, Pakistan has a large qualified and skilled labour, which is hardworking and inexpensive.
Chairman Damac Hussain Ali Sanjwani said the group has a keen interest in the privatisation programme, and views the housing sector and other prospective fields as holding out vast business opportunities.
Federal Minister for Privatisation Dr Abdul Hafiz Sheikh was also present during the meeting.