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  • Feb 23rd, 2005
  • Comments Off on Pakistan offers lucrative opportunities to investors: Soomro
Chairman Senate Mohammadmian Soomro has told investors in Boston that Pakistan is a safe place today, and offers lucrative opportunities for more and more investments. Delivering a talk on 'Emerging Opportunities in Pakistan' at the Harvard Business School, he said: "Pakistan is a safe place now," and prospective investors should not only take note of it but should avail the opportunity to maximise their investments and go for new profitable ventures.

The seminar was co-sponsored by the Consulate General of Pakistan in Boston and the Harvard Pakistani students. Those attending were corporate executives and public representatives, Pakistani-American investors, besides Harvard faculty, think tanks, scholars and students.

Soomro said Pakistan had been a victim of terrorism, but with effective counter terrorism measures, peace and stability has been restored and the difference could be felt.

Chairman Senate detailed the steps taken by the government of Pakistan to ensure continuity in reforms policies, including those in the field of trade, finance and national economy.

He said Pakistan was taking strides towards all around uplift and progress under the capable leadership of President General Pervez Musharraf and Prime Minister Shaukat Aziz.

He referred to improved indicators to show that Pakistan's national reserves were all time high, imports had got boosted, national growth rate was high, inflationary trend was under strict check, transparency was being maintained in privatisation process, and in the wake of one-window operation, definitive agro-industrial growth was taking place.

On good governance, he said, the dragon of corruption as had eaten up the fabric of the society in the past, has been checked and it was one of the reasons for economic turnaround.

In response to a question, he said the democratic parliamentary system was fully functioning in Pakistan, as the elected Houses were conducting day-to-day legislative business for the welfare of the masses.

Later, the Chairman Senate held meetings with members of the Pakistani community in Boston.

Soomro, who arrived in Boston on February 19, met with the Pakistani community members in New York. He will also be visiting Austin and Texas, where different community functions are to be held.

He will speak on 'The New Phase of Pak-US Relations in the second term of President Bush; and the Impact of 9/11 Commission Report on Pakistan', says an announcement by the organisers. According to them, those invited to attend include the City Mayor, local elected officials and Congressman Ted Poe.

The Chairman Senate is visiting the Lone Star State of Texas at the invitation of Pakistani American Congress (PAC), in collaboration with its constituent member organisations.

Copyright Associated Press of Pakistan, 2005


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