President urges expatriates to invest in country

President Dr Arif Alvi has urged the overseas Pakistanis to benefit from the

country's business-friendly environment and invest in various sectors of the economy. Talking to a delegation of overseas Pakistanis from Australia, led by Muhammad Nawaz Malik, on Thursday, the president said that Pakistan has adopted a very liberal investment policy to ensure a favourable business climate and attract foreign investment. The president highlighted that Pakistan’s ranking in the Ease of Doing Business Index has improved to 108th position from 136th position, and it provides an enabling environment to foreign investors. He stated that the government is encouraging investment in information technology, cattle farming and other important sectors of the economy and overseas Pakistanis need to take advantage of investment opportunities in these sectors. The president said that the IT sector of the country has great potential and the government has taken steps to strengthen and improve this sector by establishing the Special Technology Zones Authority (STZA) that encourages and facilitates foreign investors through its one-window facility. He appreciated the role of overseas Pakistanis in promoting the economy of the country by sending remittances and making investments in various fields. The delegation informed the meeting that it was interested in investing in cattle farming and wanted to establish a model cattle farm in Pakistan. The delegation said that it would continue its efforts to promote a positive image of the country and encourage Australian businessmen and overseas Pakistanis to invest in Pakistan.