PR No. 220 Islamabad: March 28, 2019

A delegation of Capital Group, American financial services company, called on Prime Minister Imran Khan at Prime Minister’s Office. The delegation of Capital Group included Mr. Michael Thawley, Political Economist Capital Group, Mr Arthur Caye, Mr Luis Freitas de Oliveira, Mr Ric Torres, Mr Stephen Green, Mr. Talha Khan and Mr. Wahid Butt. Finance Minister Mr. Asad Umar, Advisor to PM on Commerce and Industry Mr. Abdul Razak Dawood, Governor Sindh Mr. Imran Ismail, Chairman BOI Mr. Haroon Sharif and senior officials were present during the meeting. Capital Group is ranked among the world’s oldest and largest investment management organizations, with $1.89 trillion in assets under management. Talking to the Prime Minister, Mr. Michael Thawley said that the improved security situation, policies and the seriousness of the current government towards economic revival have encouraged the company to explore business opportunities in Pakistan. The Prime Minister while welcoming Capital Group’s interest in Pakistan highlighted present Government’s reform agenda and various steps being taken to provide a conducive and business friendly environment to the investors. The Prime Minister said that Pakistan having a population of over 200 million, with youth in majority, and the unique geo-strategic location offered a number of opportunities to the business community. He said that the Government besides focusing on improving ease of doing business was striving for a mindset change so that the business community is facilitated to undertake lucrative business ventures. This, he continued, would enable the economy to expand and create job opportunities for our youth.

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