KARACHI: David Darst, a renowned economist, has said that Pakistan is a land of opportunities, where traders can flourish their business much faster as this country has great potential to earn better returns on investments as compared to other countries around the world.
He said this while delivering a lecture on “The Global Economic Development” organised by Aga Khan University (AKU) at AKU auditorium. David said that the biggest obstacle in its economic development was negative image across the world due to terrorism-related incidents in the country.
The noted economic expert said that incidents such as Peshawar massacre discouraged foreign investors to invest in the country, adding that over 70 million overseas Pakistanis should play ambassadorial role for their country to restore its positive and soft image.
Discussing the international oil prices, he said, the prices would fall further as Saudi Arabia is the key player in oil market and it is showing reluctance to curtail oil production. “It is thought that after death of King Abdullah, Saudi Arabia would slash oil production but their policy remained unchanged,” he said. He said that China would remain major player in global economic environment.
Darst said that Apple, Facebook and Google would be global fighter in the year 2015 and they would have greater impact on global economy. He said turmoil hit countries like Yemen, Ukrine, Syria and others would shape the economic indicators in the year 2015.
