President urges foreign investors to benefit from Pakistan’s liberal investment regime

ISLAMABAD: President Dr Arif Alvi on Monday said that Pakistan has adopted a very liberal and investment-friendly policy and urged the foreign investors to benefit from it.

He said that the investment policy had been designed in a manner to provide a comprehensive framework for creating a conducive business environment for foreign investors in the country.

The president expressed these views while talking to an Australian delegation, led by Fortescue Group Chairman Andrew Forrest, which called on him at Aiwan-e-Sadr. 

Highlighting the potential for investment in the mineral sector, the president informed the delegation that Pakistan was blessed with a lot of mineral resources and foreign investors were required to capitalize on opportunities to extract them efficiently.

Article continues after this advertisement

He further informed that Pakistan had the potential to produce up to 80,000 MW of hydroelectricity.

Andrew Forrest informed the president that Fortescue Group was interested to invest in hydel energy and the mineral sector of Pakistan.

It is worth stating that Fortescue Metals Group Ltd is an Australian iron ore company which has constructed some of the most significant mines in the world.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

Rupee tumbles to 157.51 in interbank market

The Pakistani rupee continued to weaken on Monday, closing at Rs157.51 against the dollar in the interbank market, and extending the fall to 3.4...