ISLAMABAD: Prime Minister Nawaz Sharif has said that Pakistan’s economy is back on an upward growth trajectory with liberalized investment sector and improved security environment generating enhanced investor interest.
In a speech at a luncheon co-hosted by US-Pakistan Business Council and the US Chamber of Commerce in New York, he said we have been able to restore the writ of the state and reclaim every inch of our territory. The prime minister said government framed policies aimed at providing an enabling environment for private, local and foreign businesses to thrive.
He said Pakistan have numerous attractive investment opportunities in the power, oil & gas, information technology, infrastructure, consumer goods, financial services and capital markets sectors. He said as a result of bold economic reforms government achieved significant improvement in all major economic indicators. Pakistan’s growth has increased and the budget deficit has been reduced.
He said inflation is now well below three per cent – the lowest in 47 years and tax to GDP ratio had gone up to 12.5 per cent which is up from nine per cent when the government took reins of the economy.
He said the well reputed international credit rating agencies, international financial institutions and international economists have all appreciated the important strides we have made over the past three and a half years in turning around Pakistan’s economy.
