ISLAMABAD: Finance Minister Ishaq Dar, addressing the International Investment Conference, has said that no one would be allowed to create hurdles in investment in the country as the constitution, laws and governance structure protects foreign investment.
Ishaq Dar strongly denounced the sit-in by Pakistan Tehreek-e-Insaf (PTI), and said that the government would not only meet the medium-term economic targets but also give the country’s economy the right direction and put it on the path of sustainable and inclusive growth.
Senator Dar said that there were lot of investment opportunities for foreign investors in power, LNG, gas, infrastructure development and petro chemicals sectors, adding that textile sector would attract local investment in the country owing to GSP Plus status given by the European Union.
“Other sectors in manufacturing like electrical machinery, electronics, transport equipment (automobiles), rubber and rubber products, metal products and leather and leather products have potential to attract foreign investment into the country,” he added.
The Finance Minister informed the conference that the government was going to disinvest OGDCL shares worth around $800 million, while work on issuance of International Sukkuk for $1 billion was also underway.
He believed that foreign investment would contribute in making Pakistan world’s 18th biggest economy much earlier than 2050, the year predicted by Jim O’Neill.
