Pakistan Economy Watch (PEW) on Sunday said Pakistan offers best investment-friendly and incentives- driven policies offering limitless opportunities to foreign investors.
Foreign investors shouldn’t let propaganda scare them away from exploring enormous investment potential in energy, oil and gas, coal, infrastructure, communication, telecom, agriculture and dairy development, it said in a statement issued from Islamabad.
Pakistan offers over 180 million consumers, fully convertible currency, unrestricted equity, profit repatriation, no double taxation and attractive tax breaks which has so far lured 600 multinationals, said Dr. Murtaza Mughal, President PEW.
He said that many leading global groups want to invest in Pakistan, the world’s sixth largest country by population, to enjoy higher returns, but western media has been conspiring to cause fear in their hearts. Dr. Murtaza Mughal said that we have unmet demand for energy, housing, transportation, health, education, unexploited mineral deposits and one of the largest and least exploited coal reserves in the world.
Propaganda hasn’t deterred Chinese, Koreans and Arabs etc. from investments in Pakistan therefore it shouldn’t discourage the western investors as the government has unleashed a new era of development in Pakistan with the help of China. He lauded the Chinese government and investors who have remained undeterred despite best efforts by the western media outlets.