Pakistan a potential place for long-term investments, says PM Nawaz Sharif

Pakistan Prime Minister Nawaz Sharif Monday said that there were opportunities for investors in Pakistan and termed the country a potential place for long-term investment.

The premier was speaking at a two-day investment conference titled ‘Invest Pakistan: priority sectors and legal framework for investment in the country’, Dawn online reported.

Sharif said there were numerous power projects in the pipeline, which he hoped would soon overcome shortages of supplies.

"We plan on privatising the power distribution network, which will make investment in the power sector appear very attractive," he said.

The premier admitted that Pakistan was slow in adapting to the fast changing global economic developments, but said it was catching up rapidly.

"The government is fully aware of the vertical integration of economies in a globalised world," he said, adding that the country’s economic policy would be instrumental in throwing open doors, laden with vast opportunities, for prospective investors to make up for lost time.

The conference was organised by the Board of Investment (BoI) to show the country’s strength as an excellent place to conduct business.

The highest number of participants in the conference was from China, followed by Bahrain, South Korea, Saudi Arabia and Russia.

(With inputs from IANS)

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