Pakistan planning to boost entrepreneurship culture



MONITORING REPORT ISB: Pakistans economy is getting revived along with improvement in inflation and fiscal deficit while flow of foreign direct investment is on the rise.

Pakistans Ambassador to the US Jalil Abbas Jilani highlighted the investment opportunities offered in Pakistan at a discussion with the Washington-based Business Council for International Understanding in Washington.

Chief executive officers of leading American businesses and entrepreneurs were invited to participate in the discussion.

Jilani spoke about the steps the government had taken to facilitate foreign direct investment and promote businesses.

Owing to these measures, the ambassador said, Pakistans economy had been revived, inflation and fiscal deficit had come down and flow of foreign direct investment had increased.

“Moodys has recently raised Pakistans rating from negative to stable and the World Bank has placed Pakistan ahead of many countries in the region on the Ease of Doing Business index.”

Jilani referred to various projects of regional connectivity including the Pakistan-China economic corridor, Casa-1000 power import scheme, TAPI gas pipeline and Afghanistan Pakistan Transit Trade Agreement (APTTA) and others.

“Completion of these projects will open up enormous opportunities for international investors in Pakistan,” he declared.

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