PM urges investors to benefit from ‘improved’ economy

Caretaker Prime Minister Anwaarul Haq Kakar has urged British business executives to take advantage of the improved economy and the government’s investment-friendly policies and invest in Pakistan.


According to a press release issued by the PM office, Mr Kakar, who is on a trip to London, met prominent British-Pakistani investors on Monday and invited them to invest in the Special Economic Zones.

He emphasized positive economic indicators resulting from “reforms undertaken by the caretaker government”, including a strengthening rupee, reduced inflation and ease in import restrictions.

He shared about the investment-friendly policies and Special Invest­ment Facilitation Council , which, he added, will streamline investment in key sectors through a single-window platform.

Meets UK-based businesspersons; asks them to invest in Pakistan

The board has been formed to enhance ease of doing business, remove bureaucratic hurdles and create a long-term investment roadmap, the statement further said, while quoting Mr PM.

He also expressed incumbent caretaker government’s resolve to privatise loss-making state-owned enterprises.

The British-Pakistani business leaders “expre­ssed strong interest in expanding their business operations in Pakistan”.

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In a separate meeting with British businessman Abdullah Kamani, the PM assured him of facilitating investment and establishing manufacturing facilities in Pakistan.

Mr Kamani who is the co-founder and executive chairman of Boohoo Group, was invited to send a delegation to Pakistan for higher collaboration.

The fashion magnate expressed keen interest in establishing long-term buying linkages with Pakistan and creating a comprehensive supply chain.

They also expected for improved Pakistan-UK air connectivity to facilitate imports from Pakistan.

A delegation of notable UK investment firms’ representatives also met the prime minister on Monday.

The PM told the delegation that recent government actions have resulted in external account improvement.

He said positive indicators, including inflows from the World Bank, Asian Development Bank and friendly nations, contributed to reduced inflation, stabilised reserves and revival of industrial growth.

The care taker prime minister also spoke about the potential for foreign direct investment in Pakistan’s key sectors.

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