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Investment Promotion Conference

With support from an affiliate of the World Bank, Multi-lateral Investment Guarantee Agency (MIGA), the Federal Government organised a well-attended Investment Promotion Conference in Islamabad during the past week. It was incumbent upon the present regime to have an “open house” to display the willingness (and the readiness) of the present political government to change the lip-service of “encouraging” investment of yesteryears into reality. Before attempting to induce inviting foreign entrepreneurs to invest their money and time in Pakistan, the present Government had very correctly loosened the stranglehold that bureaucracy has over the body economic in Pakistan. During the past year far-reaching structural changes have been put into place and to that end a conducive economic environment is gradually taking shape. One must commend MIGA for investing time and effort in helping the Ministerial agencies concerned with making the Conference a relative success.