Fiscal graph improved by PM’S successful visit; Senator Waqar Ahmed Khan

ISLAMABAD: Federal minister for investment senator Waqar Ahmed khan said that fiscal graph of the country in general and stock market in particular, had improved significantly in the wake of prime minister’s recent successful visit to Sharm-el-sheikh.

“The sideline meeting of both leaders and India ’s willingness to resume the bilateral dialogue is a phenomenal political achievement and it has further enhanced the confidence of the investors and gave impetus to the economic activity” he maintained.

Waqar Ahmed khan has said that global recession has severely affected the economies of developing countries, with many renowned MNC, s experienced economic meltdown and trillions of dollars being bailed out resultantly. “It was the statesmanship of our political leaders that we survived amid crises and not even a single bank collapsed in Pakistan”, he declared.

Federal minister said that government wanted a stable, democratic and prosperous Pakistan with political harmony and economic development in the region. “It transpired during my recent visit to China, Qatar and UAE, that foreign investors have complete faith in our policies and democratic government. They are also satisfied with our strenuous efforts against militants, to root out the menace of terrorism, for the maintenance of law and order” he said.

“They demand continuity in government investment policies. We are now working on investor’s protection bill, to ensure continuity so that investors would feel secure regarding their investment and any change in government through democratic means could not halt the continuity of their projects. We are focusing on sect oral development and attracting the investors to invest in livestock, agro farming, affordable housing and highly needed energy sector, “ He added.

Federal minister said that current priority of the present government was to overcome energy crises in order to provide instant relief to the masses. Ministry of water and power and other respective ministries are collectively working under the direction of president of Pakistan, to enhance the volume of power generation .we are religiously working on other avenues of power generation to ensure uninterrupted supply of power to industrial and other developing sectors.

“We are facilitating IPP,s(independent power producers) and offering them attractive incentives for the installation of hydel, ,wind ,and solar power plants to alleviate power shortage in the country” he announced.

Federal minister further said that ministry of investment had taken several measures to enhance the flow of FDI in Pakistan. Tax relaxation on transfer of technology, liberalization, deregulation and attractive incentives to the investors are salient features of our new investment policy. Market indicators suggest that we are getting long awaited investment response from all over the world and I am quite confident that Pakistan would become an economic giant in the region in near future. Minister added