Federal Privatisation and Investment Minister Zahid Hamid has said the foreign investors are making huge investment in the country due to prudent economic policies of the present government. In an interview with APP at Sialkot Public School here on Saturday.
He said government had made investment friendly policies to provide equal opportunities to the foreign as well as overseas Pakistanis to invest in Pakistan. Zahid Hamid revealed that due to good policies of government foreign investment amounting to more than 3.50 billion dollars had been made while more foreign investment is expected in a couple of months in the country.
The minister further stated that the process of privatisation was being carried out in a transparent manner in the country and as many as 163 transactions had so far been accomplished as a result of which government had obtained US 7 billion dollars through the business deals.
He disclosed that privatisation of Pakistan State Oil, Habib Bank Limited, United Bank Limited and National Bank would be undertaken within couple of months. Besides, the privatisation of Jamshoro power project, hotels and coalmines were in the pipeline, the minister added. Zahid Hamid said the government had made privatisation policy transparent and crystal clear keeping in view the national interests.
He said due to solid policies of the govt, the national economy had improved a lot, adding with the passage of time it will further be strengthened. Earlier, addressing annual sports day of Sialkot Public School the Privatisation Minister disclosed that the development work on cadet college Pasrur had been initiated and its inaugural ceremony would be held soon.