LONDON: Owing to its geo-strategic location and abundant human and natural resources, Pakistan is best suited country for foreign investment and doing business. This was stated by High Commissioner Mohammad Nafees Zakaria at a book launch at the High Commission on 02 December 2019. The Book entitled “100 Performing CEOs, Leaders & Companies of Pakistan 2019” has been compiled by “CEO Club Pakistan” headed by Mr Ijaz Nisar. It celebrates the achievements of 100 successful CEOs of Pakistan.
Welcoming the lead business figures in attendance, the High Commissioner commended Mr Ijaz Nisar for his initiative of bringing out the book on high achiever CEOs and creating awareness about economic opportunities in Pakistan.
The High Commissioner said Pakistan is sitting at the confluence of four important regions, i.e. Central Asia, West Asia, South Asia and North-West China in the continent of Asia hosting more than half of world’s population. This unique geo-strategic location makes Pakistan to be one of the best destinations for the foreign investment, he added. Besides Special Economic Zones being established under China Pakistan Economic Corridor (CPEC) and others, he identified a number of priority sectors for foreign investment, including tourism infrastructure development, IT, Fintech, Dairy, Halal Products, Minerals & Mines, Petro-chemicals and Petroleum, Oil &Gas, Textiles, Auto industry, Light Engineering, Agriculture and Livestock. He then briefly gave some information about opportunities in IT and other sectors.
Mr Zakaria reiterated his offer to provide help and advice for the foreign investors and Diaspora interested to invest in Pakistan. He said the High Commission could provide all the requisite information and data for the investors. Mr Zakaria called upon the Diaspora to take advantage of the attractive investment regime and ease of doing business in Pakistan.
Sahibzada Jahangir, Prime Minister’s Spokesman on Trade and Investment for the UK and Europe also shared his views and highlighted Government’s economic reforms agenda. He said after initial difficulties, Pakistan economy is on the upward trajectory as Moody’s also improved its rating to “stable” economy. He emphasized on pro-active marketing of Pakistani products and trade facilitation for the international importers and exporters.
Sahibzada Jahangir said that Pakistan Tehreek e Insaf (PTI) government inherited a sluggish economy with “deep holes in the national exchequers”.
He said that the government under the dynamic leadership of Prime Minister Imran Khan took harsh but bold decisions to strengthen the national economy. He added that current account deficit has come down with all other economic indicators also improving while more good news will be coming from Pakistan.
Sahibzada Jahangir added that Moody’s investor services has upgraded Pakistan’s outlook from negative to stable and reaffirmed the country’s rating of B3. He called upon the overseas Pakistanis and investors including the United Kingdom (UK) and Europe to explore the investment potentials and opportunities in various sectors of the economy including Tourism, Oil and Gas, Infrastructure development, Information Technology sector in Pakistan with a promising future.
He assured that foreign investors would be fully facilitated and provide every possible information, support and assistance regarding investments to investors in the country. Sahibzada A Jahangir advised Pakistan High Commission (London) and other missions to establish a separate Trade and the information desk in the High Commission to facilitate the overseas Pakistanis and foreign investors in their respective missions.
He added that Prime Minister Imran wanted an equal amount of support, in order to connect and link overseas business community with Pakistan for promotion of trade and investments in the country. He thanked the Pakistan High Commission and CEO Pakistan for organizing the event.
Speaking on the occasion, Aneel Mussarat, Advisor to Prime Minister on Housing, said that Prime Minister Imran Khan has initiated structural reforms in the country for the socio-economic prosperity of Pakistan.
He added that Prime Minister Khan wanted equal level playing field for everyone in the country and Pakistan offers tremendous investment opportunities in various sectors of the economy including the Housing sector.
He called upon the investors including foreign investors to take optimum benefit from the opportunity and conducive investment environment being offered in the country for their own benefit and for the economic prosperity of Pakistan.
Aneel Mussarat said that Pakistan required seven (7) million houses to overcome shortages and government was planning to construct houses in different cities and areas in the country. This, he said “offers huge opportunities for investments to local and foreign investors in the real Estate sector.
He added that investments alone in this sector would give a great boost to the national economy, besides creating huge employment opportunities to the people in the country.
Advisor to Prime Minister on Housing Aneel Mussarat said that due to the policies initiated by the government under the leadership of Prime Minister Imran Khan would lead the country on the path of economic prosperity for the wellbeing of the people in the country.
He said that Pakistan would organize an international business and investment conference in Islamabad in which business community and investors from abroad including the UK would be invited to discuss and share with them huge business opportunities and potentials in Pakistan. He further announced that Prime Minister Imran Khan would also visit the UK next year in this regard.
Mr Ijaz Nisar gave an overview of the activities of the CEO Club Pakistan in producing effective CEOs for Pakistani businesses. Shabbir Ikram, Yasir Butt and Syeeda Leghari also spoke on the occasion.
The book was also presented to a number of top CEOs, entrepreneurs, business leaders and leading women of Pakistan. More than 100 CEOs, business leaders, policy makers, investors and entrepreneurs attended the event.