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Prime Minister hails foreign investment in private sector

Islamabad, March 12, 2013 (PPI-OT): Prime Minister Raja Pervez Ashraf has hailed the agreement between Bahria Town and a US investment group, as a landmark event which would encourage investors to make investment in the country.

The Prime Minister made these observations during a meeting with Former Chairman of Bahria Town Malik Riaz and Mr. Thomas Kalmer of US investment group at Prime Minister House this morning.

There is a consensus in the country on pursuing a liberal economic policy, said the Prime Minister. The Pakistan Peoples’ Party’s government has been pursuing an investment friendly policy so that investors are given comfort of security of capital and a decent return.

The Prime Minister said that this investment is a testimony of the successful policies pursued by this government.

The Prime Minister said that a huge foreign investment has been made directly in the private sector which is trend setting and path breaking.

The Prime Minister expressed the hope that this agreement will herald a new beginning and accelerate the pace of progress and development in the country.

Malik Riaz thanked the Prime Minister and said that Bahria Town and a US investment group have signed a Memorandum Of Understanding (MoU) for $15 to 20 billion investment in Pakistan. He said that the Bodha Island City project comprising, Net City, Education City, Health City, Port City and other infrastructure projects would have the worlds’ most modern shopping mall.

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