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Commerce Minister invites Canadian companies to invest in Pakistan

ONTARIO: Commerce Minister Pervaiz Malik has invited Canadian companies and investors to invest in Pakistan “where there is no restriction on repatriation of profits and dividends”.

Talking to representatives of large multinational companies of Canadian origin at Chamber of Commerce in Ontario on Saturday, the minister said that Pakistan has overcome socio-economic and security related challenges and laid down the foundation of sustained economic growth in the country.

The minister said that according to World Data Atlas, Pakistan joined the club of trillion dollar economies in 2017.

“Similarly, Price Water House Coopers Report 2017 has projected Pakistan to become the world’s 20th largest economy by 2030. Pakistan has also improved in the Ease of Doing Business indicators and the country has been recognized as one of the top ten performers globally in business regulation,” said the minister.

The Minister informed the Canadian business community that Pakistan’s GDP growth increased to 5.2 percent in 2017, the highest in 10 years.

He added that besides the China-Pakistan Economic Corridor, investors from USA, UK, France, Germany, Japan, Switzerland, South Korea and the oil rich Gulf States are investing in Pakistan.

President of Ontario Chamber of Commerce Mr. Rocco Rossi and representatives of large multinational companies of Canadian origin attended the meeting.

Mr. Rocco while briefing the minister said that Ontario Chamber of Commerce represent 60,000 large and small businesses in Ontario.

He appreciated the vibrant Pakistan entrepreneurs who are contributing to Canadian economy and expressed the desire to forge enhanced trade relations with Pakistan.

The members of Ontario Chamber, doing business in Pakistan, informed about their experience in Pakistan and invited their colleagues to first visit Pakistan and see the opportunities that are available for profit making.

 

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