ISLAMABAD: Prime Minister Nawaz Sharif yesterday invited the Belarusian investors to take advantage of the investment-friendly and growth-oriented policies which offered full legal protection to their investment with immense potential to excel in various sectors.
The Prime Minister said his government was pursuing its objectives of achieving fast-track progress through consistency and continuity of growth oriented policies and strengthening of the institutions. Addressing the Pakistan-Belarus Investment and Business Forum here, he said the government was also enabling completion of mega development projects on fast-track basis.
But in the last three years, his government had made significant progress in all these areas, he said, adding the government’s economic team strived and achieved a complete turnaround and within three years, the tax returns reached to 60 per cent.
He said by slashing extra expenditures, budget deficit was brought to half and the country’s growth rate reached an average of 4 per cent, while in the current year, it was hovering around 4.7 per cent.
The Prime Minister said his government was cognizant of the fact that in order to fight the menace of poverty and unemployment, this growth rate required to be accelerated and that was why the country has achieved the macro-economic stability.
The inflation rate was brought down by 3 per cent, the lowest in the country’s history in the one and half decade whereas the interest rate was also recorded as the lowest in the last forty years, he added. The Prime Minister referred to the strides made by the Pakistan Stock Exchange, saying that it had been the best performing market in the world.
