PM urges promotion of foreign investment

Lahore: A delegation of leading businessmen of the United Kingdom calls on Prime Minister Muhammad Shehbaz Sharif on 3 November 2024. –Agencies

———- Encourages UK investors to explore opportunities in Pakistan
———- Discussion with UK business delegation also covered new avenues and enhancing B2B relations
———- Seeks more UK investors participation in various sectors

By Asghar Ali Mubarak

ISLAMABAD: Prime Minister Shehbaz Sharif has emphasised that attracting foreign investment is the government’s top priority. He made these remarks while meeting with a delegation of prominent UK business figures, led by Zuber Issa, in Lahore on Sunday.
During the meeting, the PM highlighted the government’s efforts to provide optimal facilities to the business community through the Special Investment Facilitation Council’s (SIFC) one-window operation.
He noted that the country’s economy has shown signs of improvement in recent weeks, a trend he attributed to government initiatives that have bolstered investor confidence.
Sharif encouraged the delegation to invest in Pakistan, underscoring the potential for fruitful ventures within the country. The discussion also covered new avenues for cooperation and enhancing business-to-business relations between Pakistan and the United Kingdom.
The visiting delegation expressed their approval of the PM’s economic policies, voicing confidence in the stability and sustainable development of Pakistan’s economy.
Last week, the premier had invited businessmen from Qatar to invest in the key sectors of Pakistan during a meeting with the delegates of the businessmen’s association, who showed interest in the country’s economic landscape.
The meeting with the Qatar Businessmen Association’s (QBA) delegation took place in Doha, where PM Shehbaz presented Pakistan as an attractive investment destination, highlighting numerous opportunities in Pakistan’s energy, infrastructure, and finance sectors.
Pakistani delegation included Deputy Prime Minister and Minister for Foreign Affairs Senator Ishaq Dar, Minister for Defence Khawaja Muhammad Asif, Minister for Commerce Jam Kamal Khan, Minister for Finance and Revenue Mohammad Aurangzeb, and Minister for Information and Broadcasting Attaullah Tarar.
Both sides explored potential collaborations that could drive job creation, innovation and sustainable development in both countries.
The Qatari delegates responded positively to the PM’s invitation, indicating their interest in expanding their investments into Pakistan’s energy and infrastructure sectors. The importance of bilateral cooperation to bolster economic stability and growth within the region was also discussed in the meeting.