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PM approves package for deceased, injured in KP rains -
LONDON, Apr 27 (APP): While extending condolences on the loss to life and property due to torrential rains in Khyber Pakhtoonkhawa, Prime Minister Muhammad Nawaz Sharif on Monday approved a package of Rs. 500,000 for the family of each deceased person and Rs. 50,000 for each injured person.


Prime Minister condemns firing at pilgrimsí bus in Quetta -
LONDON, Apr 27 (APP): Prime Minister Muhammad Nawaz Sharif Monday strongly condemned the incident of firing at a bus of pilgrims in Quetta.


UN responds to destruction, displacement in wake of Nepal earthquake -
UNITED NATIONS, April 27 (APP): The United Nations said Monday its relief agencies are working with humanitarian partners in earthquake-hit Nepal, supporting the Government and other partners in the operations to rescue people and provide relief to the affectees.


PM grieved over Talal Bugti's demise -
LONDON, April 27 (APP): Prime Minister Muhammad Nawaz Sharif Monday expressed grief over the demise of head of Jamhoori Watan Party (JWP) Nawabzada Talal Akbar Bugti.


Obama gave CIA flexibility for drone strikes in Pakistan -
NEW YORK, April 27 (APP): President Barack Obama "secretly" approved a waiver to the rules for the U.S. drone programme that gave the Central Intelligence Agency (CIA) more flexibility in Pakistan than anywhere else to strike suspected militants, a major American newspaper reported Monday.


Sport News
Pakistan must win convincingly to avoid slip in Test table
KARACHI, Apr. 27 (APP)- Pakistan will be aiming to change its fortunes when it goes head to head with Bangladesh in a two-Test series in Khulna from Tuesday.
 
Team Masood wins Swiss team bridge crown
KARACHI, Apr. 27 (APP)- Team Masood mustered 63.36 Victory Points (VPs) to take Karachi Bridge Association’s weekend Bridge Tournament here at Aslam Hall housed here at the National Stadium on Sunday night.
 
Ahmed Iqbal fails to find a place in Emerging Players
KARACHI, Apr. 27 (APP)- Talented Karachi and KPT all-rounder Ahmed Iqbal Khan failed to find a place among the 18 emerging players called by the selection committee for fitness test/trials at National Cricket Academy in Lahore on April 28.
 
Rashid victorious in Thailand
ISLAMABAD, Apr 26 (APP): Pakistan Davis Cup Captain Rashid Malik has added another feather to his cap by winning the 55+ Singles title of the ITF Seniors Pro Circuit, Grade 4 Tournament held at Thanyapura Sports and Leisure Club, Thailand.
 
Pak Army wins one day, T-20 cricket series against Australian Army cricket team
RAWALPINDI, April 25 (APP): Pak Army won the one day and T-20 cricket series against Australian Army cricket team.
 
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Pakistanís strong economic indicators, attractive for foreign investment in power, oil sectors PDF Print E-mail
By Shumaila Andleeb

TIANJIN, China, Sept 12 (APP): Prime Minister Raja Pervez Ashraf on Wednesday, mentioning Pakistan’s strong economic indicators, said the country was an attractive zone for foreign investment, particularly in power, oil and gas exploration and infrastructure development sectors. The Prime Minister expressed these views while leading  a discussion of the Business Interaction Group on Pakistan at the Meijiang Convention Centre - the venue of ongoing World Economic Forum’s Annual Meeting of New Champions. Dilating upon Pakistan’s macro-economic stability and liberal investment policy, the Prime Minister said country’s economic consistency, openness and predictability in policies were vital factors in providing foreign businessmen an enabling environment for their investment.

He said his government was committed to facilitation of business, reforms and deregulation in pursuance of its economic philosophy.
He mentioned Pakistan’s strategic location next to three important regions - South, Central and West Asia, that provided a shortest access to the energy-rich and fast developing Central and Western Asia.
He said for the economic world, the country could prove a bridge, linking to multiple corridors of cooperation in energy, trade, investment, transportation and tourism.
Prime Minister Ashraf said due to macro-economic stability, the country’s economy was expected to grow by over four percent this year. He said country’s banking sector had withstood the global financial crisis of 2008 with the help of its exports that grew by 30 percent in 2011.
On liberal investment policy, he said all sectors of economy were open to Foreign Direct Investment (FDI). In addition, there was no restriction on equity as foreigners were permitted hundred percent foreign equity, statutory protection, and high rates of return accrued to investment.
He said there were institutional safeguards provided in the system like Competitive Commission, the Security and Exchange Commission and Central Bank. He said Pakistan had a non-discriminatory investment policy for all countries.
The Prime Minister said Pakistan was a country of 180 million with a growing middle class and an increasing demand for goods and services. He mentioned that abundant and unexploited natural resources including coal, oil, gas, water and irrigation systems and minerals had great potential of exploration.
He said investment in power sector could be made in the areas of solar, wind, renewable energy, solar tubewells, hydro and thermal power generation. He said opportunities also existed in modernization and refurbishment of ports and railways. He informed the Business Group that a Korean company had shown interest in constructing a 300 mega watt solar power plant in Balochistan.
He said recently an upfront tariff had been determined for solar energy plants which would help the investors.
To a question, the Prime Minister said Pakistan was working to have good relations with India including trade ties. He mentioned the recent visit of Indian External Affairs Minister S.M Krishna to Pakistan and the discussions carried out on easing the visa regime and cooperation in agriculture sector.
Regarding facilitating the overseas Pakistanis, Raja Ashraf said their confidence in the country was reflected through increase in remittances.
Finance Minister Dr Abdul Hafeez Sheikh said the middle class expatriates could benefit from investment in stock exchange.  He said an investment fund was being set up for expatriates. He said housing schemes had been launched to attract investment from expatriates.
There were also a few questions about increasing cultural exchanges with India to which the Prime Minister mentioned a recent agreement. He said relations with India were being improved step-by-step in a positive way.
 
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