Foreigner investers start to look towards Pakistan as destination

The Finance Minister Senator Ishaq Dar called on President of Pakistan Mr. Mamnoon Hussain at the President House this evening and apprised him about the overall economic situation in the country.

The Finance Minister informed the President that during his recent visit to Washington to attend the Annual meeting of the International Monetary Fund and World Bank, he met with Deputy Prime Minister of Japan, Finance Ministers  of Afghanistan, Iran,Qatar and UK on the sidelines and discussed with them matters of bilateral economic cooperation.

Senator Ishaq Dar also apprised the President on his meetings with International financial Institutions, Banks, Rating agencies,heads of OPIC,USAID,IFC and  senior management of IMF and World Bank.

Senator Ishaq Dar informed the President that the economic measures taken by the present government have been appreciated by the International Community which has once again started looking towards Pakistan as a destination for Foreign Direct Investment. The International financial institutions, he said, are now favorably inclined to invest in Pakistan in line with the priorities set by the government.

The Finance Minister informed the President that he had held indepth discussions with them to attract investment in the energy sector particulary to commence work on Dasu Hydro Power Project and Diamer Basha dam which was encouraging. The international community was ready to extend assistance and cooperate with Pakistan on tackling its energy crises which was the topmost priority of the government.

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The Finance Minister assured the President that the government was committed to improve the economic conditions   of the people   and was following strict financial discipline, prudent policies, transparency, austerity,  and accountability.

President Mamnoon Hussain appreciated the efforts being made by the government to pull the country out of its present economic difficulties and expressed the confidence that the government will continue to strive to work for the welfare of the people as well as improve the economic profile of the country commensurate to its potential.