| China contributed $31.2 million FDI to Pakistan |
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| Wednesday,July 15,2009 Posted: 00:14 BJT(1614 GMT) |
| From:Business Recorder Article type:Reproduced |
ISLAMABAD (July 12 2009): Pakistan Federal Minister for Investment, Senator Waqar Ahmed Khan said that in fiscal year 2008-09 China has contributed US $31.2 million FDI to Pakistan and they are further investing in oil and gas, mining, infrastructure, engineering, agriculture, IT, telecommunication and many other economic sectors in Pakistan.
Talking to the media persons in his office at Cabinet Division, here Saturday he said that frequent inflow of FDI would help us to strengthen our economy and enhance our productivity in industrial and other development sectors. This was all possible due to the economic prudence of our political leadership and attractive incentive packages along with liberal investment policies, which we were offering to the both local and foreign investors, he added.
Senator Waqar Ahmed Khan also said that Pakistan was offering level playing field to both local and foreign investors and every sector of its economy was open for investment, both in forex trading and its emerging stock markets operating under most regulated and protective atmosphere promising a good return to the investors, which portrays the image of Pakistan as a safe heaven for investment.
The Minister informed that the China Metrological Corporation (MCC) had a vast experience in construction of dams so MCC had been asked to carry out these projects to overcome energy shortfall in the country. He hoped that the growing graph of Pakistan's economy would further go up and the all the possible efforts were being taken in this context.-PR
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