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Govt to take all required steps for restoring confidence of investors on Pak economy: Nawaz

Govt to take all required steps for restoring confidence of investors on Pak economy: Nawaz

ISLAMABAD, (SANA): Prime Minister Muhammad Nawaz Sharif has said that the government will take all required steps for restoring the confidence of investors on Pakistani economy, adding that the important projects are being started in near future in country.

This Mian Nawaz Sharif said during meetings with journalist Javed Malik and Chairman HUBCO Hussein Dawood who called on him at the Prime Minister’s House here on Wednesday.

Javed Malik congratulated the Prime Minister on his successful recent visit of China and termed it historic as it would go a long way in deepening the already existing strategic ties between the two countries.

The Prime Minister said that Pakistanis living overseas are an asset who have contributed hugely for national economic development and added that the government is fully committed to their welfare. During the meeting, Mr. Malik submitted proposals and recommendations for the promotion of trade and further improvement of overall ties between Pakistan and UAE.

Meanwhile during meeting with Chairman HUBCO Hussein Dawood, Prime Minister said that private sector’s investment in the energy sector can play vital role in reducing the electricity shortfall in the country. He added that the sector would be meted out preferential treatment in order to attract local and foreign investments. The Prime Minister appreciated the construction of 84 MW run-of-the-river project by Laraib as the first private sector hydel power project in the country.
At this juncture, Mr. Dawood expressed confidence in the Prime Minister’s leadership and the pro-business policies of the present government.

Terming it a national endeavor to bring Pakistan out of energy deficit morass, Mr. Dawood appreciated the Prime Minister’s focus on energy sector as the country’s economy and peoples’ lives are linked to it. He further said that the Prime Minister’s special focus on energy sector has turned out to be highly motivating for the business community and this new-found confidence among the community can usher in a new era of business boom and higher growth in the country.

Mr. Dawood also apprised the Prime Minister of the various problems and challenges being faced by the business community in the country. The Prime Minister assured his full cooperation and support for the provision of business-friendly environment in the country.

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