In­vest­ment at­mos­phere

The Pak Banker - - Editorial -

In­vest­ment mean is to spend money and earn from spend­ing many fold against ac­tual amount. It plays a ma­jor role in build­ing strong econ­omy of a coun­try. To at­tract the in­vest­ment from in­side and out­side the coun­try there is ut­most duty of the govern­ment to cre­ate the in­vest­ment-friendly en­vi­ron­ment. The hur­dles be­fore and dur­ing in­vest­ment should be re­moved on pri­or­ity ba­sis, so that lo­cal and for­eign in­vestor do not hes­i­tate while pour­ing the money for in­vest­ment in dif­fer­ent up­lift and pro­duc­tive projects. A big ob­sta­cle to growth and devel­op­ment is 'in­vest­ment crime'. Un­for­tu­nately it is on the rise in Pak­istan since a demo­cratic govern­ment took charge about two-and-a-half years ago, af­ter nine years un­der a mil­i­tary-backed democ­racy. Hold­ing the line on vi­o­lent crime is im­por­tant to at­tract aid and in­vest­ment to the im­pov­er­ished South Asian coun­try of nearly 170 mil­lion, which has a his­tory marred by fre­quent vi­o­lence. The govern­ment must act im­me­di­ately be­fore this crime be­comes a pat­tern and fur­ther maligns the im­age of the coun­try. Hardly a day passes with­out Pak­istani news­pa­pers car­ry­ing pho­tos of tar­get killings etc. Of­ten there are ca­su­al­ties on the se­cu­rity forces' side too. Killing, rape, rob­bery, and street crimes are on the rise due to slack­ened ad­min­is­tra­tion. Hun­dreds of peo­ple have been killed in Karachi alone from March 2008 till the present time. It is a gen­eral per­cep­tion that crim­i­nals are backed by dif­fer­ent po­lit­i­cal lead­ers as well as sea­soned crim­i­nals, frus­trated sons of the rich, drug ad­dicts as well as po­lit­i­cal ac­tivists. Govern­ment ef­forts to curb crime are fail­ing, be­cause cer­tain peo­ple with po­lit­i­cal back­grounds are pa­tron­iz­ing crime gangs for un­law­ful ben­e­fits. The Govern­ment should tackle these prob­lems rang­ing from poverty to crime, to en­sure a mod­icum of sta­bil­ity and at­tract aid and in­vest­ment that would lift the stan­dard of liv­ing in a coun­try were roughly 40 per cent of the pop­u­la­tion earn less than $1 a day. We can­not see any ma­jor devel­op­ment in com­ing years as far as FDI in Pak­istan is concerned, as there is no con­sid­er­able bet­ter­ment in law and or­der sit­u­a­tion. Some time back the im­age of Pak­istan re­gard­ing do­ing in­vest­ment was bet­ter than many coun­try but to­day ev­ery in­vestor shy in think­ing for in­vest­ing in the coun­try.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.