Abdul Aleem Khan emphasizes investment prospects in Pakistan

Abdul Aleem Khan, the Minister for Privatization, Board of Investment, and Communications, reiterated the government's dedication to attracting investments in Pakistan. He highlighted the ongoing efforts to simplify procedures for businesses looking to establish new ventures. Speaking at the 16th All Pakistan Chambers Presidents’ Conference, he emphasized key initiatives like the 'Ease of Doing Business' and 'One Stop Shop' platforms introduced by the Board of Investment to improve investment prospects.

Khan stressed the importance of aligning with global business trends and creating a favorable environment to lure investments. He clarified that the government's primary role is to offer essential support and amenities to businesses rather than engaging in commercial activities. The Minister emphasized that a flourishing business sector would not only boost foreign exchange reserves but also bring positive impacts to the general public.

Moreover, Khan announced the government's plan to privatize 24 institutions, with PIA being the primary focus. He assured transparency throughout the privatization process, including live coverage of PIA's privatization on television. Khan expressed confidence that a conducive business climate in Pakistan would attract immediate interest from investors, citing positive feedback from major business groups regarding PIA's privatization.

Recognizing the Chamber of Commerce's pivotal role in promoting investments, Khan encouraged the forum to persist in its endeavors to drive economic growth. He commended the Chamber for successfully organizing the 16th All Pakistan Chambers Presidents’ Conference. Saqib Rafique, President of the Rawalpindi Chamber of Commerce, highlighted the crucial role played by the Special Investment Facilitation Council in enhancing economic development and rebuilding trust within the business community.

Sohail Aftab, Group Leader, stressed the significance of reinstating confidence among both local and foreign investors. The Presidents of Chambers from all provinces, Kashmir, Gilgit-Baltistan, and Women’s Chambers actively engaged in the conference, showcasing a united commitment to fostering investment opportunities in the country.

The government's unwavering commitment to creating a conducive environment for investments in Pakistan, coupled with initiatives to streamline processes and ensure transparency in privatization, reflects a positive outlook for the country's economic growth. With a focus on attracting both local and foreign investors, Pakistan aims to bolster its business sector, leading to increased opportunities and benefits for its citizens.