Investment Being facilitated

Published January 21, 2009

ISLAMABAD, Jan 20: Federal Minister for Privatisation Syed Naveed Qamar has said the government is committed to supporting and facilitating investment in all sectors of the economy.

The minister talking to Chairman and Chief Executive Officer of Etisalat International Pakistan Abdul Rahim Al-Nooryani, who called on him here on Tuesday, said that Pakistan accorded equal treatment and level-playing field to the both local and foreign investors.

The liberal investment policy allows 100 per cent foreign equity in all economic sectors with attractive incentives, the minister added.

He assured the chairman Etisalat that all-out efforts were being made on fast-track basis to resolve the outstanding issues relating to Pakistan Telecommunication Company Limited (PTCL).

The CEO Etisalat appreciated the government’s efforts in resolving the outstanding issues and expressed his satisfaction over the progress being made by PTCL after its privatisation. He assured the minister that the PTCL would continue contributing to the economy.

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