CPEC to at­tract huge in­vest­ment in Pak­istan: Pres­i­dent

The Pak Banker - - NATIONAL -

Pres­i­dent Mam­noon Hus­sain has said that the im­proved law and or­der sit­u­a­tion in the coun­try as a re­sult of "Zarb-e-Azb" and Karachi op­er­a­tion and CPEC pro­ject will at­tract big in­vest­ment which will lead to eco­nomic progress and sta­bil­ity in the coun­try.

The Pres­i­dent said this while talk­ing to a del­e­ga­tion of Pak-US Busi­ness Fo­rum led by Mr. Hafeez Khan, CEO, Tweaker En­ergy Drinks.

Pres­i­dent Mam­noon Hus­sain said that over­all law and or­der sit­u­a­tion through­out the coun­try is fast improv- ing and "Zarb-e-Azb" and Karachi op­er­a­tion will con­tinue till elim­i­na­tion of the last ter­ror­ist and com­plete restora­tion of peace.

The Pres­i­dent ex­pressed his sat­is­fac­tion that due to better con­di­tions the for­eign busi­ness­men are com­ing to Pak­istan to ex­plore av­enues for in­vest­ment. He said that the higher rate of re­turn, in­vestor friendly laws and peace in the coun­try will in­duce the for­eign in­vestors to in­vest their cap­i­tal in Pak­istan. The Pres­i­dent said that the coun­try is now destined to tread the path of de­vel­op­ment and pros­per­ity and its econ­omy will grow stronger in the fu­ture. He re­marked that econ­omy has now taken prece­dence over pol­i­tics and the in­ter­na­tional organizations have ap­pre­ci­ated Pak­istan's eco­nomic poli­cies and the pace of de­vel­op­ment. He fur­ther said that Pak­istan's in­clu­sion in the cat­e­gory of emerg­ing mar­kets is a tes­ti­mony to the in­ter­na­tional com­mu­nity's faith in the poli­cies of the gov­ern­ment and po­ten­tial of eco­nomic growth in Pak­istan.

Pres­i­dent Mam­noon Hus­sain termed CPEC as a flag­ship pro­ject of the cen­tury which will open up new av­enues for in­vest­ment and de­vel­op­ment and cre­ate job op­por­tu­ni­ties. He said that some of the coun­tries of Cen­tral Asia have re­al­ized the im­por- tance of CPEC and have ex­pressed their keen­ness for con­nec­tiv­ity with it.

The Pres­i­dent un­der­scored the need for com­plete erad­i­ca­tion of cor­rup­tion and em­bez­zle­ment in funds for at­tain­ing a glo­ri­ous fu­ture. The Pres­i­dent stressed the im­por­tance of ju­di­cious use of pub­lic funds to spur de­vel­op­ment and pro­vide max­i­mum re­lief to the peo­ple.

Mr. Hafeez Khan, Leader of PakUS Busi­ness Fo­rum said that the ex­pa­tri­ate Pak­ista­nis are very happy at the im­proved law and or­der and eco­nomic sit­u­a­tion in the coun­try and are keen to in­vest in the coun­try by avail­ing the op­por­tu­ni­ties cre­ated by projects un­der CPEC.

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