He was addressing a meeting on the President's Investment Initiatives. President Musharraf held out a firm assurance to provide protection and a level playing field to foreign entrepreneurs and directed removal of any bureaucratic hurdles in the way of investment.
He particularly noted tremendous prospects and foreign companies' interest in development of tourism, infrastructure, property development, housing, information technology and hotel industries.
"The development of a strong infrastructure will ensure that Pakistan offers high quality of services to businesses," he said, welcoming keen interest of the Gulf, European and American companies in these sectors.
Industries and special initiatives minister Jehangir Khan Tareen and minister of state for privatisation Omar Ahmed Ghumman attended the meeting and briefed the President about progress vis-à-vis decisions and implementations since the last meeting that took place on May 10, 2006.
The President, speaking at a presentation on alternate energy sources, said Pakistan would encourage investment in utilisation of alternate sources to fuel its economic growth through provision of cost-effective energy as well as reducing its dependence on expensive thermal power.
He directed earliest implementation of projects envisioned for making use of wind and solar energy.
"We must make the best use of untapped energy potential in the form of wind and solar energy to meet growing requirements in the long-term, as this has become all the more important in the face of soaring oil prices," he said.
Minister of state for privatisation Omar Ahmed Ghumman, Wapda chairman Tariq Hameed, Nepra chairman Lieutenant General Saeeduz Zafar (Retd), PPIB managing director Khalid Rehman, and alternate energy development board secretary Brigadier Dr Nasim A. Khan attended the meeting.