ID :
26677
Sun, 10/26/2008 - 19:23
Auther :
Shortlink :
http://m.oananews.org//node/26677
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Pak wants M.N.C.s to increase investment
Karachi, Oct 25 (PTI) Pakistan Saturday asked multi-national companies (M.N.C.s) to raise their annual investment in the country by USD 3 to 4 billion each, and promised to provide all possible assistance to expand their businesses here.
After a marathon meeting with the members of Overseas
Investors Chamber of Commerce and Industry (O.I.C.C.I.),
Advisor to P.M. on Finance Shaukat Tarin told reporters that
big members of O.I.C.C.I. make an investment of about USD 150
to USD 200 billion every year around the globe and... at least
1 to 2 percent of it should come to Pakistan.
These companies' investment usually ranges between USD
1.5 to USD 2 billion each in Pakistan.
Tarin said, "We will solve all their problems and
encourage them to expand their investment in Pakistan. This is
a business friendly government and we want to encourage both
local as well as foreign investors.
We will reduce cost of doing business, remove red tapism
and hold a regular dialogue with them," he added.
The Advisor said he would hold meetings with business
chambers every three months to hear their problems and solve
them.
"My today's meeting is one of these efforts and I will
also hold meeting with F.P.C.C.I. members. O.I.C.C.I. members
have pin pointed tax, I.P.R. and pharma pricing issues. They
have handed me documents and we will see them to resolve these
issues," he said.
Tarin noted that increase in foreign and local investment
will create opportunities for employment in the country and
boost economy and also raise confidence of business community
in the government, he added.
O.I.C.C.I. President Waqar Malik on his part said members
of the chamber believes in the policies of Shaukat Tarin and
feels that he would be able to turnaround country's economy.
The P.M.'s Advisor's nine-point agenda for economic
revival and O.I.C.C.I. members' aspirations have the same
direction. "This has boosted our confidence," he noted.
Malik said, "Tarin has shared his plan with O.I.C.C.I.
members and we are confident that this will stabilise exchange
rate and very quickly resolve balance of payment problems in
next 30 to 45 days. I think this is possible". PTI
After a marathon meeting with the members of Overseas
Investors Chamber of Commerce and Industry (O.I.C.C.I.),
Advisor to P.M. on Finance Shaukat Tarin told reporters that
big members of O.I.C.C.I. make an investment of about USD 150
to USD 200 billion every year around the globe and... at least
1 to 2 percent of it should come to Pakistan.
These companies' investment usually ranges between USD
1.5 to USD 2 billion each in Pakistan.
Tarin said, "We will solve all their problems and
encourage them to expand their investment in Pakistan. This is
a business friendly government and we want to encourage both
local as well as foreign investors.
We will reduce cost of doing business, remove red tapism
and hold a regular dialogue with them," he added.
The Advisor said he would hold meetings with business
chambers every three months to hear their problems and solve
them.
"My today's meeting is one of these efforts and I will
also hold meeting with F.P.C.C.I. members. O.I.C.C.I. members
have pin pointed tax, I.P.R. and pharma pricing issues. They
have handed me documents and we will see them to resolve these
issues," he said.
Tarin noted that increase in foreign and local investment
will create opportunities for employment in the country and
boost economy and also raise confidence of business community
in the government, he added.
O.I.C.C.I. President Waqar Malik on his part said members
of the chamber believes in the policies of Shaukat Tarin and
feels that he would be able to turnaround country's economy.
The P.M.'s Advisor's nine-point agenda for economic
revival and O.I.C.C.I. members' aspirations have the same
direction. "This has boosted our confidence," he noted.
Malik said, "Tarin has shared his plan with O.I.C.C.I.
members and we are confident that this will stabilise exchange
rate and very quickly resolve balance of payment problems in
next 30 to 45 days. I think this is possible". PTI
