Skip to main content

Trend of foreign investment rising in Pakistan: Shah Mehmood Qureshi

foreign investment

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Friday said the trend of foreign investment into the country was rising.

“During the meetings held in our visits abroad the foreign investors also expressed deep interest in investing in Pakistan,” he said while talking to Chairman Board of Investment Haroon Sharif who called on him in Islamabad.

During the meeting, existing opportunities of investment in various sectors of national economy and the positive trend of foreign investment in Pakistan came under discussion.

Read More: Pakistan 10th biggest country in Asia for foreign investment

Foreign Minister Qureshi said the economic diplomacy was among the key priorities of Pakistan’s foreign policy.

He said that many renowned and large international companies were successfully doing their businesses in Pakistan, which was a testimony of trust on the policies of our government.

The chairman Board of Investment said Pakistan was providing complete legal and constitutional protection to foreign investment and there was no bar on transferring the profits earned.

The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year, a report has said.

According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported last month.

In March last year, Pakistan was ranked among the twenty-three most powerful countries in the world, according to US News and World Report which released the latest edition of its annual “Best Countries” study.

The US retained its position as the world’s most powerful nation, despite declining respect for its leadership. Its economic, political influence shapes the world, and a mammoth defence budget of about $600 billion and leading economy put it at the top.

The post Trend of foreign investment rising in Pakistan: Shah Mehmood Qureshi appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2QrjiR1
Labels:

Comments

Post a Comment

Popular posts from this blog

IT ministry forms panel to review social media rules

ISLAMABAD: While uproar against the new rules to regulate social media continues from various segments of society, including parliamentarians, the Pakistan Federal Union of Journalists (PFUJ) and civil society, the information technology ministry on Friday formed a committee to review the rules. The federal cabinet approved the rules on Feb 11, but later after opposition from various quarters, including companies that manage different social media platforms, the prime minister announced that a fresh consultation process would be launched over the Citizens Protection (Against Online Harm) Rules 2020. The committee formed by the IT ministry is headed by Pakistan Telecommunication Authority Chairman Amir Azeem Bajwa while its members are Eazaz Aslam Dar, additional secretary of IT; Tania Aidrus, member of the Strategic Reforms Imple­mentation Unit, Prime Minister Office; and Dr Arslan Khalid, focal person on digital media at the PM Office. Federal Minister for Human Rights Dr Shireen Ma
Post a Comment
Read more

Young girl’s tragic story makes her symbol of Yemen war

Buthaina Mansur al-Rimi’s life has changed drastically since last year — orphaned in Sanaa, the little girl controversially ended up in Saudi Arabia for medical care and has just returned to Yemen’s capital. Her entire immediate family was wiped out in an air strike by a Saudi-led coalition that backs Yemen’s government, using an explosive device Amnesty International says was made in the US. Images of Buthaina’s rescue and a picture of her swollen and bruised at a hospital trying to force open one of her eyes with her fingers were beamed worldwide. That international fame saw her become something of a propaganda pawn in the war between Yemen’s Iran-backed Huthi rebels and Saudi media. “I was in my mother’s room with my father, sisters, brother and uncle, the first missile hit, and my father went to get us sugar to get over the shock, but then the second missile hit, and then the third,” she says. “And then the house fell,” adds the little girl, who says she is eight. It was the
Post a Comment
Read more