Pakistan economy heads towards stability: FM

FM invites Malaysian investors to avail opportunities in Pakistan

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KUALA LUMPUR
Foreign Minister Shah Mahmood Qureshi has invited the Malaysian investors to invest in different sectors of Pakistan including Information Technology, energy, Halal food, oil and gas and construction of inexpensive houses. Talking to the business community at a reception in Kuala Lumpur on Monday, he said Pakistan’s economy is now heading towards stability as a result of difficult decisions taken by PTI government.
Foreign Minister said our positive economic policies have restored confidence of foreign investors and it is the first time in the last three years that the volume of investment has reached 340 million dollars. He said government is undertaking sincere efforts to ensure ease of doing business and this is the reason that the World Bank has declared Pakistan amongst the top ten improvers in the ease of doing business.
He invited the Malaysian investors to get benefit from investing in Information Technology, energy, Halal food, oil and gas and construction of inexpensive houses in Pakistan. Malaysian Oil and Gas Company Petronas have expressed interest to invest in the energy sector of Pakistan.
The interest was expressed by CEO of Petronas during a meeting with Foreign Minister Shah Mahmood Qureshi in Kuala Lumpur on Monday.
In his remarks, the foreign minister said Pakistan is giving priority to promote trade and economic relations with Malaysia. He also welcomed Petronas interest for investment in Pakistan. Currently, Qureshi is in Malaysia on a two-day official visit to attend Kuala Lumpur summit.
He was invited to the summit by his Malaysian counterpart Saifuddin Abdullah. During his visit, the foreign minister will also hold talks with Malaysian leadership, including Prime Minister Mahathir Mohammad. He will visit Pakistan High Commission and inaugurate a Community Center established for facilitation of Pakistani community. The FM will also hold meetings with representatives of Pakistani business community and apprise them about investment opportunities in Pakistan.

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