Karachi, May 06, 2014 (PPI-OT): Governor Sindh Dr. Ishrat Ul Ebad Khan has said that Pakistan’s rapidly growing economy is not only regaining investors’ confidence but foreign investment also started flowing in due to government initiatives.
Talking to US Deputy Chief of Mission Thomas Williams and US Consul General Michael Doddman here on Tuesday he said government is focusing on providing attractive environment and infrastructure to encourage investment in the country.
Government was striving to present Pakistan as a role model for investment in the region, he said and added that multinational firms are accumulating more profits here because people of the country had a natural tendency of trade.
Dr Ebad said that Karachi, with a population of more than 20 million, is the seventh biggest city of the world and contributing 70 percent to GDP of the country. Only 30 to 40 percent of the capacity of Karachi has been utilized so far, he pointed out and maintained that more investment in the metropolis would not only help to fully utilize its potential but it surely would prove more profitable.
The Governor also suggested that US investors could invest in energy, education, agriculture and infra structure development as these sectors of economy possess immense potential. Thomas Williams on the occasion said that United States were, already, investing in Education, energy and other sectors in Pakistan and he would motivate US firms to utilize the potential of Karachi.
He said that the world attaches a great value to democratic norms of the country and it is a good omen that Pakistan is heading forward on the way of democracy.
For more information, contact:
Syed Wajahat Ali
Press Secretary to Governor
Sindh Governor House
Tel: 99201217, 99201201-3