Jam Kamal Khan Leads Pakistan-Saudi Investment Boost

The Federal Minister for Commerce, Jam Kamal Khan, highlighted the government's new approach of focusing on facilitation to boost investor confidence and promote economic growth during the Pakistan-Saudi Arabia Investment Conference. This shift in strategy, limiting the government's role to facilitation and promotion of businesses, has garnered positive results, with Saudi investors showing trust in the government's commitments.

The government's efforts have attracted around 100 foreign companies from various sectors to engage with Pakistani businesses, signaling a renewed interest in the country's economic landscape. Concrete steps, including reforms in taxation, energy, and tariff matters, have been taken to support export-oriented companies and streamline the business process.

This proactive stance marks a departure from the past trend of companies leaving Pakistan, as now there is a resurgence in local and foreign business collaborations. The government's vision emphasizes promoting the business sector to drive economic growth and foster relationships based on mutual business interests rather than external financial assistance.

The International Finance Corporation (IFC) has recognized Pakistan's positive portfolio, further bolstering investor confidence in the country's economic prospects. The conference served as the initial phase of a comprehensive plan that aims to translate commitments into tangible outcomes, such as enhancing business opportunities, creating jobs, and enhancing the overall quality of life for the populace.