Minister for Privatisation Zahid Hamid has said that environment for foreign investment is conducive in Pakistan and invited Pakistanis living in USA to invest in different sectors. Talking to a delegation of prominent Pak-American businessmen here, the minister said a strategy has been evolved to resolve the problems being faced by Pakistanis living in USA regarding investment.
He said he will hold a conference on investment in New York. Zalar Naseem, Malik Sikandar Aziz, Mirza Khawar Beg and others attended the meeting.
He said due to the sagacious and dynamic leadership of President Pervez Musharraf and Prime Minster Shaukat Aziz the economy of the country has been stabilised.
The delegation apprised the minister about the investment in power and other sectors. The delegation said that a large number of Pak-Americans are interested to invest in Pakistan if concession was given to them. They said that they are ready to invest ten million dollars to hundred million dollars in Pakistan.
The minister said that the government respects the decision of Supreme Court regarding Pakistan Steel Mills. He said the decision will not cast negative impact on the privatisation process.