President asks foreigners to invest in Pakistan

Islamabad: Pakistan President Mamnoon Hussain has urged foreign investors to invest in the country which is offering incentives and flexible policies for great business prospects in future.

According to a statement released by the government, the President said incentives and flexible policies for investment have made Pakistan the most attractive country for foreign and domestic investment in the region.

Hussain said on Saturday that Pakistan had increased the facilities such as loans on minimum interest rates and special incentives for the import of machinery and raw material for the business community.

He said the strong economic policies has yielded positive results which was evident from the economic indicators and growth of the private sector of the country.

“The foreign investors can invest in Pakistan on the basis of 100 percent ownership and can also repatriate profits without any unnecessary impediment,” said the President.

He emphasized that the Pakistani business community should further strengthen relations not only with the current trade partners but explore new markets and new partners.