Prime Minister of Pakistan Muhammad Nawaz Sharif on Monday said that Pakistan is a potential place for investment and the government took several steps to strengthen the country's economy.
While addressing an international investment conference in the federal capital, Islamabad, the premier said that there was numerous power projects in the pipeline, which he hoped, would soon overcome demand.
"We plan on privatizing the power distribution network which will make investment in the power sector appear very attractive," he said.
He added that the government took several steps to decrease the fiscal deficit and the conference will help in bringing in the foreign investment. He also assured that the investors would be provided with all the facilities. "The government is fully aware of the vertical integration of economies in a globalize world." Sharif stated that Pakistan has shown progress in terms of improved economic indicators, adding that the government is working in the energy sector to meet the country's demands.
He pointed out that there are vast opportunities of investment in all the sectors of Pakistan and told that the government will soon sell the Oil and Gas Development Corporation Limited (OGDCL) shares and has invited the private sector to invest in the Liquefied Natural Gas (LNG).
The conference was organized by the Board of Investment (BoI) to show the country's strength as an excellent place to do business. It saw a participation from Saudi Arabia, Bahrain, China, South Korea and Russia.