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Summary Pakistan is committed to promoting an investor-friendly environment, the finance minister said.
Pakistan had lost its 37,000 citizens and around 5,000 of its army soldiers had sacrificed their lives in the war against terror. In addition, the country faced a loss of $100 billion in terms of foreign investment, capital markets and many of its social programmes were doomed to failure, finance minister wrote in an article on Wall Stree Journal.He said that West was not aware of Pakistan’s 170 million youth and educated workforce.GDP growth would be expected to reach four per cent in the current year and the trade between Pakistan and India would touch $10 billion, he opined.He said that the incumbent government had inherited many problems in the forms of inflation, financial crisis, non-management and energy crisis.“Pakistan is committed to promoting an investor-friendly environment. We offer the most liberal investment policy regime in the region, including incentives such as the full repatriation of capital, capital gains, dividends and profits. We have signed Business Investment Treaties with many nations and are currently in the final stages of negotiating such a treaty with the US,” Sheikh wrote.KSE-100 index was now at 14,000 points which had been around 6,000 in 2008, he added.
