Pakistan has received an upgraded rating from foreign agencies and is witnessing significant interest from international companies, including from the United States and China, particularly in its mineral sector.
This was stated by Minister for the Board of Investment Qaiser Ahmed Sheikh while peaking to the media in the capital today. The federal minister described the improved international assessment as a noteworthy achievement for the current government, asserting that the nation”s economy is on the right track.
Sheikh emphasized the administration”s commitment to fostering export-led growth, which he identified as the only viable path forward for the country”s economic development.
He pointed to investment in Pakistan’s mineral deposits, which he noted are largely based on rare minerals, as a crucial milestone. The minister stated that both the United States and China are taking special interest in this domain.
To facilitate this influx of capital, Sheikh detailed government policies aimed at improving the ease of doing business. He outlined that numerous incentives and facilities have been provided to foreign investors and corporations.
Among these measures, the minister specified that the government is offering tax exemptions for the establishment of new industries and for the importation of necessary machinery.