Dar seeks international investment in Pakistan

Oct 19, 2013| Courtesy by : nation.com.pk

LONDON  – Finance Minister Senator Ishaq Dar has invited the international financial community and investors to benefit from the vast opportunities available in Pakistan by highlighting the opportunities in the financial, energy, information technology sectors of Pakistan.
He was speaking at an investment roundtable meeting of a select group of key investors in the international financial community organized by the Pakistan High Commission in London and Deutsche Bank jointly here Thursday.

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The finance minister apprised the international financial community of Pakistan’s vision for economic prosperity, credit highlights which will enable the nation to realize this vision, key challenges facing the country, opportunities for the future and the recent steps taken so far by the Government of Pakistan placing the country on a path of sustained economic development.
The event was very well attended by the top asset managers, representing assets under management of approximately $3.0 trillion, who were highly appreciative of this update on the country and the opportunity to engage in a discussion with the Minister.
The investors showed keen interest in understanding the investment opportunities in various sectors including oil and gas, communication and financial services. APP adds from Islamabad: Economist Dr Ayub Mehr has said that foreign direct investment (FDI) is need of the time for the country to boost economy of the country.
Talking to Radio Pakistan, Dr Ayub said the United States was very important and main partner of Pakistan in terms of FDI. The American investment can be directed towards areas like information technology and financial sector, he added. He said Pakistan was facing several economic problems such as declining foreign exchange reserves and deficit in foreign trade due to terrorism.
He said in 2002-2009, the Americans expressed their interest in investing in the energy sector and held regular conferences in this regard. However, they were more interested to invest in solar and wind sectors and even prepared feasibility reports in this regard. “But the problem is that these sectors require huge investment and Pakistan lacks the required capital,” he added.