Striving for structural reforms to attract more investors: PM

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ISLAMAB AD, 09 JAN (DNA – Prime Minister Muhammad Nawaz Sharif has saidPakistan is one of the emerging economies of the world and the government is striving for structural reforms to make the investment environment attractive for the local and international investors. The Prime Minister stated while talking to a delegation of Chinese Group RUYI headed by its Chairman Yafu Qiu in Islamabad on Thursday. Prime Minister Muhammad Nawaz Sharif further said Pakistan is introducing basic reforms in the economic sector to promote investment in the country.

The Prime Minister said Pakistan provides ample investment opportunities in energy infrastructure and textile sectors.

In addition to that, he said his government has investment friendly policies and world wide investors including Chinese companies should invest in Pakistan.

Nawaz Sharif appreciated the investment by the company and said that the investment would not only create job opportunities for the skilled youth but also lead to introduction of new technology in textile sector.

On his part, Yafu Qiu said the Prime Minister that his company is all set to invest two billion US dollars in Pakistani economy’s textile and energy sectors in next two years.

He said that his company will construct two coal fired power plants in Pakistaneach having power generation capacity of 300 Megawatt.

He said that after getting GPS plus status Pakistan has become an attractive place for investment in textile sector. He said Pakistan has a booming textile sector and taking advantage of the available opportunities‚ his company has planned to invest in textile sector besides production of high quality yarn.

Yafu Qiu said they are encouraged by the support and assistance provided by the government of Pakistan in this respect. DNA