Economy on right track to achieve sustainable growth: PM Nawaz Sharif

Lahore: Prime Minister Muhammad Nawaz Sharif Wednesday said that the present government has put the national economy on the right track to achieve sustainable growth.

He said it ensured absolute transparency and merit in the financial transactions, which encouraged the investors to invest in Pakistan.

“The Government’s economic policies are aimed at improving the overall economy for which the key issue of energy shortfall is addressed on priority basis,” he said in a meeting with a delegation of Overseas Investors Chamber of Commerce and Industry (OICCI) led by its president Atif Bajwa.

The Prime Minister further said the role of Foreign Direct Investment (FDI) for the economy was phenomenal and the present government was ensuring all necessary steps to attract further FDI.

“We are determined to pursue investors’ friendly policies and provide an ideal environment to local and foreign investors,” a press release quoted the Prime Minister as saying.

President OICCI Atif Bajwa said that the ease of doing business in Pakistan has improved under the present government and majority members of OICCI planned to invest more in Pakistan.

He further said that 82% members foresaw continuing growth in the next 2-3 years, 79% members would advocate for more FDI while 69% members of OICCI expected to contribute more taxes and employed more people.

Thanking the Prime Minister for his business-friendly and investors’ friendly policies, the president OICCI said that the investment risk profile substantially improved during the present government.

The meeting was also attended by Minister for Commerce Engr. Khurram Dastgir Khan, Mifta Ismail, SAPM/Chairman BOI and other senior officials of the government and members of OICCI.