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Monday Sep 07 2020

President Alvi urges foreign investors to benefit from Pakistan's liberal investment policy

President Dr Arif Alvi. — Twitter/Files 

ISLAMABAD: President Dr Arif Alvi on Monday said that Pakistan had adopted a very liberal and investment-friendly policy and foreign investors should benefit from it.

The president said that the investment policy had been designed in a manner to provide a comprehensive framework for creating a conducive business environment for foreign investors in the country.

President Alvi made these comments during a meeting with an Australian delegation, led by Andrew Forrest, founder, and Chairman of Fortescue Group, that had called on him at Aiwan-e-Sadr.

Highlighting the potential for investment in the mineral sector, the president informed the delegation that Pakistan was blessed with a lot of mineral resources, and foreign investors were required to capitalise on opportunities in the mineral sector.

The president informed the delegation that Pakistan had the potential to produce up to 80,000 MW of hydro-electricity.

Andrew Forrest informed the president that Fortescue Group was interested to invest in the hydel energy and mineral sector.

It is worth stating that Fortescue Metals Group is an Australian iron ore company that has constructed some of the most significant mines in the world.