Govt taking all possible measures to attract FDI: Dawood

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Monday that the current government is taking all the possible measures to facilitate investors so that maximum foreign direct investment (FDI) could be attracted.

Welcoming the Bulgarian trade and investment delegation at the Ministry of Commerce, Dawood said the government is fully committed to introducing more business-friendly reforms in the country to facilitate foreign investors.

The Bulgarian delegation, led by the Deputy Minister of Economy Liliya Ivanova, is in Pakistan to hold the second session of the Inter-Governmental Commission with an aim to enhance trade and economic relations between the two countries.

Both sides agreed that the current trade volume between the two countries is far below the actual potential.

The adviser said that the introduction of business reforms is among the topmost priorities of the government, adding that this is the right time to invest in Pakistan.

Dawood also invited the Bulgarian investors to come and invest in Pakistan, especially in the areas of automobiles, engineering and agriculture.

The adviser stressed on the need to enhance Pakistan’s export of citrus fruits, mangoes, rice and raw cotton, surgical equipment and handicrafts to the Bulgarian market.

The Bulgarian deputy minister of economy on the occasion appreciated the incumbent government’s efforts to introduce business-friendly policies in Pakistan, as it would increase the confidence of foreign investors.

She said in the agriculture sector, it is important to establish linkages between relevant institutions of both countries for livestock breeding. She also called for joint ventures in food processing, research and development.

“Cooperation in tourism, information technology, education, maritime and aviation sectors will also be explored during the session of Inter-Governmental Commission,” she added.

The adviser thanked the delegation and extended the government’s full cooperation and support in the facilitation of Bulgarian investors and enhancement of bilateral trade and economic relations between the two countries.