Saturday, October 23, 2021

Trend of foreign investment rising in Pakistan: Shah Mehmood Qureshi

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ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Friday said the trend of foreign investment into the country was rising.

“During the meetings held in our visits abroad the foreign investors also expressed deep interest in investing in Pakistan,” he said while talking to Chairman Board of Investment Haroon Sharif who called on him in Islamabad.

During the meeting, existing opportunities of investment in various sectors of national economy and the positive trend of foreign investment in Pakistan came under discussion.

Read More: Pakistan 10th biggest country in Asia for foreign investment

Foreign Minister Qureshi said the economic diplomacy was among the key priorities of Pakistan’s foreign policy.

He said that many renowned and large international companies were successfully doing their businesses in Pakistan, which was a testimony of trust on the policies of our government.

The chairman Board of Investment said Pakistan was providing complete legal and constitutional protection to foreign investment and there was no bar on transferring the profits earned.

The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year, a report has said.

According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported last month.

In March last year, Pakistan was ranked among the twenty-three most powerful countries in the world, according to US News and World Report which released the latest edition of its annual “Best Countries” study.

The US retained its position as the world’s most powerful nation, despite declining respect for its leadership. Its economic, political influence shapes the world, and a mammoth defence budget of about $600 billion and leading economy put it at the top.

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