PM Constitutes Committee Solved Problems of Foreign Investment in Gwadar

Islamabad: Prime Minister Shahbaz Sharif has constituted a committee to minimize the problems of international investors who want to invest in Pakistan, especially in the Gwadar Free Zone. He has strictly directed the officials of his administration to remove all the obstacles that impede foreign investment. While the government is trying to look for foreign assistance to improve its current account deficit, at the same time the government is seeking foreign investment in the country.

A statement issued by PM's office after the meeting to evaluate the investment situation in the country said, “The prime minister has established a committee to solve the problems of foreign investment companies, especially those investing in Gwadar Free Zone”. The statement quoted the PM as saying, “All obstacles to foreign investment in the country should be removed immediately.” The Prime Minister directed that the committee should submit its report in 10 days. The PM further added that Pakistan must facilitate the Chinese investment firms by all means.

The Prime Minister was informed that foreign companies are interested to invest USD 10 billion in infrastructure development and energy-related projects in Pakistan. Moreover, an investment of USD one to two bn is expected to inflow soon. This immediate investment would also create around 45000 jobs in the country. The statement further said, “The prime minister immediately issued instructions to the Board of Investment, Ministry of Planning, and the Ministry of Finance to prepare a comprehensive plan for these projects with mutual cooperation,”