Islamabad (news pulse)Pakistan has the potential to attract more Foreign Direct investment owing to ongoing regulatory reforms, tariff rationalization and its improved global ranking in Ease of Doing Business Index by 11 points” said Prime Minister’s Advisor on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood in a meeting with the delegation of Employer’s Federation of Pakistan (EFP) here in Ministry of Commerce.
In this regard, Pakistan has also launched a program, Regulatory Guillotine, to ease the business regulations. Through this program will substantially reduce the regulatory burden , the Advisor highlighted. He also added that Pakistan has taken various effective steps to improve trade procedures by establishing better trade facilitation regime. Moreover, with improved security situation in the country and current government’s resolve to boost the potential of tourism sector of Pakistan would help in attracting tourists across the globe, he added.
A delegation of Employers Federation of Pakistan (EFP), led by its President Mr. Majyd Aziz, called on Advisor to the Prime Minister to deliberate upon the various avenues of investments in the country. In this regard, the federation is organizing a conference titled “Invest in Pakistan” in London in the last week of October this year. The President of the federation, Mr. Majyd Aziz apprised the Advisor regarding their activities and initiatives in order to project and promote the investment in Pakistan in various sectors of the economy especially export sectors. “EFP is planning to hold a Tourism and Hospitability Show to attract the domestic and foreign investments in the sector” he also added.
Advisor to the Prime Minister appreciated the efforts being taken by EFP to showcase Pakistan as an attractive investment destination in the world.