KUWAIT CITY, Aug 26: Pakistan’s Ambassador to Kuwait Syed Sajjad Haider said that there are promising investment opportunities in several areas with facilities and guarantees to create an appropriate environment, and reiterated the call for Kuwaiti businessmen to enter the Pakistani market with confidence for the benefit of the two countries and their peoples.
Speaking to the press at the embassy premises, Ambassador Haider praised the cooperation aimed at bridging the gap between investors and the Pakistani government, as well as promoting the investment- friendly policy in Kuwait and attracting the largest number of foreign investment from Kuwait. He highlighted the depth of trade and investment relations between the two countries, and pointed to coordination with the Investment Bank to help and facilitate the procedures of Kuwaiti investors who are enthusiastic to visit Pakistan.
He revealed the Pakistan Investment Council will soon hold an ‘investment’ conference in Kuwait, and said Pakistan has recently shifted its focus from geo-strategic policies to geoeconomic policies. The ambassador stressed Pakistan has now become an investment-friendly country and has recently introduced profitable policies for foreign investors, and pointed out the priority sectors for investment in Pakistan include food manufacturing, logistics, textiles, automobiles, information technology, housing and construction, tourism and hospitality. He went on to say, there are several projects identified by the Government of Pakistan for foreign investors including in the Special Economic Zones established under the China-Pakistan Economic Corridor (CPEC).
Ambassador Haider stated Pakistan is constantly making efforts to improve the business environment in his country. The World Bank Group’s Doing Business project provides a measure of the ‘Ease of Doing Business’ (EODB) through a set of objective indicators that focus on the impacts of laws, regulations and their enforcement across 190 economies. Pakistan has consistently made efforts to improve business environment in the country. Since 2016, almost 300 reforms have been implemented to improve investment climate in the country. As a result, Pakistan improved 39 positions in EODB ranking in the last two years and was placed at 108, noting that it has been recognized Pakistan is the largest reformer in South Asia and the sixth reformer in the world