Islamabad - Finance Minister Senator Ishaq Dar on Saturday said that measures proposed in the next budget would attract foreign investors to Pakistan, which has huge potential for growth.
He said this while talking to Sun Weidong, Chinese Ambassador to Pakistan, who called on him at Finance Ministry.
The finance minister informed the Ambassador about the latest economic indicators and performance of economy during the last one year. He highlighted the measures proposed in the next budget, which provide special incentives for foreign direct investment in Pakistan. He said that the new incentives would attract foreign investors to Pakistan. The minister appreciated the Chinese contribution for the economic development of Pakistan. As the country is experiencing a gap between power supply and demand, the finance minister underlined the importance of on going energy projects, which can help tackle, the energy shortages. He added that the government has adopted fast track policy for the implementation of the projects started with the Chinese cooperation. He said that these efforts are not only creating attractive opportunities of Chinese investment but new avenues of employment and trade are also opening for the people of Pakistan.
The Ambassador, while congratulating the finance minister on the economic achievements the country has made in the last one year, said, “We have been impressed by his budget speech and presentation”. He underlined the importance of Pakistan-China economic cooperation and said that the aim of both the governments is to work for pushing ahead our long-standing friendship. He added we would help further boost the existing strong and strategic partnership between the two countries. The Ambassador also discussed avenues for enhancing bilateral cooperation in various fields between the two countries. He appreciated Pakistan’s plans for the development projects initiated by the present government and added, “Stronger Pakistan is our strength”. Ansar Pervez Chairman PAEC, Salman Butt, Attorney General of Pakistan, Dr Waqar Masood, Finance Secretary, and senior officials of the Finance Ministry also attended the meeting.