Mr Muhammad Daud Ehtisham, Press Attache Pakistan High Commission in Sri Lanka
Dr Srimal Fernando South Asia Correspondent for Foreign Exchange- The Diplomatic Society engages Mr Muhammad Daud Ehtisham Press Attache Pakistan High Commission in Sri Lanka. The discussion was based on trade, tourism and investment and other lucrative incentives the country can offer. Shortly after the discussion Mr Ehtisham from the Pakistan High Commission in Sri Lanka released the following.
Located in the heart of Asia, Pakistan is the gateway to the energy rich Central Asian States, the financially liquid Gulf States and the economically advanced Far Eastern tigers. This strategic advantage alone makes Pakistan a marketplace teeming with possibilities. Additionally, today Pakistan has over 170 million consumers with an ever growing middle class.
The Islamic Republic of Pakistan, with its democratic government is actively promoting trade and investment in the country to pave the way for sustained economic growth. Pakistan with positive growth trajectory over the years, despite global economic turmoil, is focusing on development and up gradation of various sectors of economy, like, agriculture, textile, telecom, IT, energy, power, services, construction and housing. These sectors are open for foreign investment with attractive incentives.
The Centaurus Hotel Islamabad, the symbol of New and Modern Pakistan is currently under construction in Islamabad, Pakistan. It's estimated cost is $350 million USD
A large part of the workforce is proficient in English, hardworking and intelligent. Pakistan possesses a large pool of trained and experienced engineers, bankers, lawyers and other professionals with many having substantial international experience.
Current investment policies have been tailor made to suit investor needs. Pakistan's policy trends have been consistent, with liberalization, de-regulation, privatization, and facilitation being its foremost cornerstones. The capital markets are being modernized, and reforms have resulted in development of improved infrastructure in the stock exchanges of the country.
Gross Domestic Product (GDP) has experienced an upward trend by reaching 4.1 percent in the year ending June 2010 while Foreign Exchange Reserves have surpassed US$ 17.44 billion whereas remittances are sharply up to a record level of US$8.5 billion.
Our investment regime being one of the best in the South Asian Region with lucrative incentives has attracted many foreign and local investors who are satisfied with the investment scenario in Pakistan.