Pakistan ranked 10th best investment friendly State
Pakistan Times National News Desk

KARACHI: World Bank has ranked Pakistan 10th for good economic and investment friendly country in the world.

Naveed Ahsan, Secretary General to Ministry of Finance said this while addressing the audience at the joint venture of 21st Business and economic Club and Overseas Universities Alumni Club (OUAC) here.

He said that the characteristic of the government for last six years was to promote business and economic environment in the Pakistan and in this regard the Finance ministry is taking all necessary steps for creating confidence of foreign and local investors for the expansion of the economy of Pakistan.

He informed that government was considering the new competition policy to promote international market based economy and the consultations has been made with all the stakeholders and it would be presented for the approval to federal cabinet in the recent future.

He was of the view that in post WTO scenario, those industrials units that production is to be considered in terms of low quality would not able to survive in the competitive challenges of international arena. Industrialists and investors, the entire world could only sustain, who face the modern challenges in the global economy.

Naveed Ahsan said that government was looking for private public partnership in order to develop infrastructure in the country as public private in the world has proved itself and now government is also keen in developing infrastructure through these methods.

While talking about the upcoming budget, he informed that government would expand the budget in the fields of health and education for the betterment and development of masses.

Earlier founder president of the OUAC, Syed S. Haider said that the OUAC members are comparatively more aware, have better flexibility, determination to bring changes, sense of good and bad, diversity of thoughts and ideas, excellent education and quick grasp of facts, and by this they were contributing more positively in the development of the country.

At the occasion four awards were also given to Nadeem Mustafa Khan, Director General and Chief Executive Officer, Aga Khan University Hospital; Syed Tariq Hussain, Chief Executive, Emirates Global Islamic Bank Limited; Sarmad Ali Executive Director, Jang Group and Ayaz Dawood, Director, First Dawood Investmnet Bank Limited.●