Bo­nanza for Pak­istani in­vestors

Enterprise - - Snapshot -

Pak­istan is in­deed a brave na­tion as it has learned to adapt to un­pre­dictable cir­cum­stances. In spite of the fre­quent vi­o­lent out­bursts and protests, which tend to cause fur­ther dam­age to the well- be­ing of so­ci­ety and threat­ens the lives of in­no­cent civil­ians, the na­tion’s de­fence mech­a­nism has de­sen­si­tized the peo­ple, en­abling them to not let this serve as a hin­drance in their ev­ery­day lives.

Most for­eign in­vestors are re­luc­tant to make long- term in­vest­ments or en­ter joint- ven­tures with Pak­istan. A re­cent re­port re­vealed that for­eign In­vest­ments in the coun­try have been re­duced by a mas­sive 64.7 per­cent in this year alone. For­eign in­vest­ment de­creased from $ 2.15 bil­lion to $ 1.573 bil­lion in 2010- 2011.

Many coun­tries would be will­ing to reap the ben­e­fits of the var­i­ous un­tapped re­sources in Pak­istan such as so­lar, wind and hy­dro power, along with the vast re­serves of gold, coal and cop­per. There is a dire need for the eco­nomic ex­perts, in­dus­trial rep­re­sen­ta­tives and mem­bers of par­lia­ment to co­op­er­ate with one an­other in an at­tempt to for­mu­late so­lu­tions to re- at­tract re­luc­tant for­eign in­vestors in or­der to sup­port eco­nomic growth.

There have been in­stances where lo­cal in­vestors took ad­van­tage of the de­par­ture of for­eign in­vestors. As op­posed to the gen­eral as­sump­tion, not only were they able to han­dle the busi­ness but were able to reach new heights. In­vest­ing in the shares of Mus­lim Com­mer­cial Banks was prob­a­bly one of the best busi­ness de­ci­sions made by Mian Muham­mad Man­sha. The ef­fi­ciency of both MCB and Al­lied Bank im­proved, along with a no­table in­crease in the per­cent­age of de­posits, ad­vances and to­tal as­sets. More­over, both banks also pro­vided more job op­por­tu­ni­ties, con­tribut­ing to the na­tional econ­omy.

Their ef­forts should serve as an ex­am­ple of vi­sion and de­ter­mi­na­tion and should also en­cour­age other lo­cal in­vestors and en­trepreneurs to not un­der­es­ti­mate their true po­ten­tial. The lo­cal in­vestors must take up the chal­lenge of suc­cess­fully re­plac­ing for­eign in­vestors.

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