PTI & PAT have inflicted irreparable loss to economy: Pervez Malik

October 28, 2014 Off By Web Desk

Lahore: President, Pakistan Muslim League – N, MNA Pervez Malik has said that PTI and PAT have caused irreparable loss to the national economy as leadership of the both parties have created unrest and pushed country to the wall. Prime Minister Nawaz Sharif is planning to attract Foreign Investment of billion dollars but these elements have put the whole things in gloom.

He was talking to a business delegation led by the former LCCI Senior Vice President Mian Tariq Misbah here.

Pervez Malik informed the delegation that PML-N government was putting in its all efforts to bring economy back on track and utilizing its all resources to attract Foreign Direct Investment in the country. He said that Prime Minister Nawaz Sharif would visit China in the first week of November and sign various projects.

He said the government has already initiated meaningful discourse with the private sector to boost up Foreign Direct Investment (FDI) that is not up to the mark.

He said that rising risk perception about investing into Pakistan is hitting hard the entire economy but government is tackling the issue through a comprehensive policy approach by involving Chambers of Commerce in the country.

Pervez Malik said that government was addressing all key issues including energy crisis on priority basis and various power projects were in the pipeline.

About recent two-day International Investment Conference, he said that

a number of foreign investors from various countries participated in the conference and showed their interest in different sectors, including power, petroleum and communications.

He expressed hope that employment opportunities would increase following an increase in business activities, adding that once the country’s economy is put on the trajectory of growth and it would have a consequential impact on inflation. “Market competition will increase; resultantly products prices will come down and their quality will improve with new investment in different sectors.”

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