ISLAMABAD, (MILLAT/APP): Pakistan’s economy is back on track
and open for business and investment following a considerable
improvement in the security situation in the country, noted an
investment forum, Khaleej Times reported.
According to Khaleej Times, speakers at ‘Pakistan
investment roadshow’ in Dubai said the country’s economy and
capital markets have done exceptionally well over the years and
now offer good investment opportunities to local and foreign
investors in various economic sectors.
“The prime focus of this investment conference is to
encourage Pakistanis and others also who are living here in the
UAE to start having a look at Pakistan,” Governor of Sindh
Muhammad Zubair told Khaleej Times at the forum.
“Pakistan is re-emerging after so many decades of
uncertainty; every macroeconomic indicator, the institutions are
getting stronger and I think the next big place for investment is
Pakistan,” said Zubair, who was chief guest at the event.
Muhammad Farid Alam, chief executive officer of AKD
Securities, echoed the similar views and said Pakistan business
community should avail the investment opportunities in the
country.
“Pakistan’s economy and capital markets have done
exceptionally well over the years. Surging capital markets, major
projects such as China Pakistan Economic Corridor are moving the
economic engine and thriving the economy,” Alam said.
Pakistan stock market was declared best in Asia in 2016 as
the Karachi Stock Exchange Index climbed more than 52 per cent
over the past year.
The exchange rose above 50,000 mark for the first time in
February. Pakistan’s Ambassador to UAE Moazzam Ahmed Khan said the
country is open for business and ready to welcome foreign
investment in key sectors.
“The prime focus of this forum is to attract Pak business
community and Arab investors and apprise them about investment
opportunities in the country,” Khan said.
Consulate General of Pakistan to Dubai Brigadier (retired)
Syed Javed Hassan said the country is moving fast on economic
front as the security conditions are considerably improved.
Pakistan, 40th largest economy in the world with $270
billion gross domestic product, is winning positive feedback from
the International Monetary Fund and the World Bank and its economy
is expected to achieve 5.2 per cent growth rate in 2017.