ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif has said that the continuing economic growth with increasing foreign investment in the energy and infrastructure sectors under China Pakistan Economic Corridor (CPEC), Pakistan is offering a wide range of investment opportunities.
In a meeting with the Chairman Standard Chartered Bank (SCB) Jose Vinals and Chief Executive Officer (CEO) and Managing Director (North) SCB in Islamabad on Wednesday, the prime minister said that regulatory and supervisory framework of Pakistan is very progressive and provides supportive environment to the international investors.
The prime minister further said that Pakistan’s banking sector has shown impressive performance over the period and proved its resilience with stable outlook. He said that due to growth focused policies, Pakistan has been upgraded to the list of emerging markets.
Nawaz Sharif said that Pakistan Stock Market was ranked as 5th best performing stock market in 2016 and our current gross domestic product (GDP) growth rate stands above 5.3 percent.
Moreover, the prime minister informed the SCB Chairman that sound capital base, remarkable growth in assets and profitability and compliance with international standards poised Pakistan’s banking sector in a very competitive position in the region for investors.
The prime minister also said that Standard Chartered is one of the oldest and the largest international banks in Pakistan. He appreciated the Standard Chartered Bank’s continuous commitment to introduce new technology and innovative financial products including Islamic banking in Pakistan compatible with global standards.
The Chairman Standard Chartered Bank thanked the prime minister for his warm welcome and expressed to further enhance cooperation with Pakistan.
