Pakistan – a secure destination for foreign investors: Nawaz Sharif

DAVOS, Switzerland: Prime Minister Nawaz Sharif said on Wednesday that Pakistan was the new attractive destination for foreign investors that offered security and attractive returns.

In a meeting with Group Chief Executive Officer (CEO) of Standard Chartered Bank Jose Vinals on the sidelines of the 47th World Economic Forum in Davos, the prime minister said that Pakistan had made a remarkable recovery and all its economic indicators were positive.

The CEO Standard Chartered Bank said that Pakistan was an important partner of Standard Chartered (SC) Bank and said the Bank was working with Chinese banks on the China Pakistan Economic Corridor (CPEC) project. He said that his bank was also working on the improvement of the Small and Medium Enterprises.

Jose said that the profile of Pakistan had gone up significantly and added the economic matrix was moving in the right direction. He mentioned that there was lot of positivity in the country and appreciated that the confidence of investors has gone up and country’s image had improved with the successful completion of the International Monetary Fund (IMF) program.

The CEO Standard Chartered Bank said that the SC bank was also happy with the progress made by Pakistan in security and energy sectors.

He said Standard Chartered Bank was working in Pakistan for past several decades and was improving its banking products and going in for digitization. He said that the bank has also improved upon its consumer banking sector.

Prime Minister Nawaz Sharif held a series of back to back meetings with the heads of various other corporations and urged them to expand their operations in the country.

READ  Tajikistan to export 1000 MW electricity to Pakistan by 2018: Tajik envoy

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