In­vest­ment-friendly en­vi­ron­ment vi­tal

The Pak Banker - - 4editorial -

In­vest­ment is the only tool to make the coun­try healthy eco­nom­i­cally and for this pur­pose ev­ery govern­ment has to do all ef­forts to cre­ate busi­ness-friendly en­vi­ron­ment to lure the in­vestors. In the case of Pak­istan, there is dire need of mak­ing and cre­at­ing the at­mos­phere con­ducive for at­tract­ing the in­vest­ment from lo­cal in­vestors as well as for­eign busi­ness­men. Govern­ment of Pak­istan should fo­cus all in­vest­ment-needed sec­tors to lure the in­vestors. En­ergy, agri­cul­ture and tex­tiles are among the ma­jor sec­tors in which need big in­vest­ment. Swedish Min­is­ter for Trade Ms. Ewa Bjor­ling in a meet­ing with Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI said that a good num­ber of Swedish com­pa­nies were al­ready work­ing in Pak­istan and more com­pa­nies were in­ter­ested to start busi­ness ven­tures. She said that she had meet­ings with Prime Min­is­ter of Pak­istan and other govern­ment of­fi­cials and dis­cussed the pos­si­bil­i­ties of more co­op­er­a­tion be­tween the coun­tries. Te­tra Pack has pres­ence in Pak­istan for the last sev­eral years, and it has set up a new plant in Pak­istan, she added. As she was high­light­ing the trade im­por­tance said that Swedish Trade Coun­cil is re­spon­si­ble for trade be­tween both the coun­tries and hoped for great busi­ness prospects in the fields of com­mon in­ter­est. Fredrik Fexe, Vice Pres­i­dent of Ex­port Radet, a Swedish Trade Coun­cil said that Pak­istan is large con­sumer mar­ket. He iden­ti­fied tele­com, en­ergy, en­vi­ron­men­tal technology, wa­ter pu­rifi­ca­tion, waste man­age­ment, au­to­mo­biles, health­care, sup­ply of con­struc­tion equip­ment for hav­ing trad­ing, in­vest­ments and joint ven­tures with the Pak­istani com­pa­nies. Char­lotte Kalin, Vice Pres­i­dent of the Stock­holm Cham­ber of Com­merce and In­dus­try in­formed that three Swedish del­e­ga­tions vis­ited Pak­istan last year and cur­rent del­e­ga­tion was quite op­ti­mistic of good busi­ness prospects here. At this stage when for­eign com­pa­nies are will­ing to in­vest in coun­try the govern­ment should en­cour­age them and prove max­i­mum fa­cil­i­ties so they feel easy to in­vest and stay in Pak­istan to make in­vest­ment in large scale.

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