PR No. 165Pakistan Is Safe For Investors And Investments…….Ghulam Murtaza Khan Jatoi Islamabad: December 16, 2015

Federal Minister for Industries & Production Ghulam Murtaza Khan Jatoi has said that Pakistan is a safe country for investors & investments. He said this while talking to Italian Trade Commissioner Mr. Riccardo Monti, who is on a two days visit to Pakistan. The Minister welcomed Mr. Riccardo Monti in Pakistan and said that his visit to Pakistan reflects his country’s interest to expand its trade and business relationship with Pakistan.

The Minster said that Pakistan has dedicated National Industrial Parks and Export Processing Zone with special Tax concession where Italian companies can set up their units and also have opportunity to establish their independent units to avail the same facilities. Highlighting the initiative of the present government to promote trade and investment in the country, the Minister said that Pakistan has become an investor friendly state where import of raw material has been declared duty free and upto 80% of the finished products could be exported to other countries. The Federal Minister also apprised Mr. Monti that the present Government has taken special measure to provide security to the investors. Historic tax concessions and attractive investment opportunities are being offered which are unparallel in the whole region, the Minister asserted.

While discussing the potential areas to enhance cooperation in various sectors between two countries, the Minister highlighted that in Pakistan there is the large potential to invest in auto mobile sector, agriculture and textile machinery, power plant erections and re-fabrications.

Mr. Monti praised the quality of Pakistan’s textile product and shown his country’s interest to further expand co-operation and investment in textile products and machinery, auto spare parts and components, leather goods, and agriculture machinery. He also offered to open vocational training and educational institutions here in Pakistan to provide technical training to educated youth.