Foreign investors getting handsome profits
WASHINGTON (February 25 2005): Foreign investors in Pakistan are chalking up handsome profits as the country becomes more secure with comparatively low operating costs, President General Pervez Musharraf said on Thursday. Musharraf said the profitability margin of some 600 to 700 foreign investors in Pakistan "is somewhere between 20 percent and 50 percent". They are reporting "good profits" and their "investments have been secure", Musharraf told US broadcasting network CNBC in an interview.
He said the security situation was under control following relentless efforts to contain militant activity.
"We are on the winning side as far as the battle against terrorism is concerned. This should be seen by the world, and that is what we are trying to project now to the world and to the investors," Musharraf said.
"We are trying to create an investor-friendly environment here in Pakistan (and) the investor himself should see our environment," he said.
He said investors looking into the future should consider that "we have tackled the issue of terrorism and we have broken their back and they are on the run".
"Any investor should see all these realities and should be attracted. Let me say a lot of investors are coming and seeing the reality themselves," he said, citing 77 countries that attended an export exhibition recently.
Pakistan, Musharraf also said, was also becoming a regional hub. He said labour costs in Pakistan were "the lowest" in the region.
"I know the labour cost in Pakistan is 34 cents an hour. In India it is 57 cents an hour. In China I think it is about 68-69 cents an hour," he said.
Pakistan recorded 6.4 percent growth last year and Prime Minister Shaukat Aziz has forecast that it would rise to 7 percent this year.
Copyright Agence France-Presse, 2005
Full Version: Foreign Investors Getting Handsome Profits
Foreign investors raking in profits in Pakistan: Musharraf
WASHINGTON: Foreign investors in Pakistan are chalking up handsome profits as the country becomes more secure with comparatively low operating costs, President Pervez Musharraf said on Thursday.
Musharraf said the profitability margin of some 600 to 700 foreign investors in Pakistan “is somewhere between 20 and 50 percent.” They are reporting “good profits” and their “investments have been secure,” Musharraf told US broadcasting network CNBC in an interview.
He said the security situation was under control following relentless efforts to contain militant activity.
“We are on the winning side as far as the battle against terrorism is concerned. This should be seen by the world, and that is what we are trying to project now to the world and to the investors,” Musharraf said.
“We are trying to create an investor-friendly environment here in Pakistan (and) the investor himself should see our environment,” said the president. He said investors looking into the future should consider that “we have tackled the issue of terrorism and we have broken their back and they are on the run”.
“Any investor should see all these realities and should be attracted. Let me say a lot of investors are coming and seeing the reality themselves,” he said, citing 77 countries that attended an export exhibition recently. Musharraf also said Pakistan was also becoming a regional hub as labour costs in Pakistan were “the lowest” in the region.
“I know the labour cost in Pakistan is 34 cents an hour. In India it’s 57 cents an hour. In China I think it’s about 68-69 cents an hour,” he said.
Afp
WASHINGTON: Foreign investors in Pakistan are chalking up handsome profits as the country becomes more secure with comparatively low operating costs, President Pervez Musharraf said on Thursday.
Musharraf said the profitability margin of some 600 to 700 foreign investors in Pakistan “is somewhere between 20 and 50 percent.” They are reporting “good profits” and their “investments have been secure,” Musharraf told US broadcasting network CNBC in an interview.
He said the security situation was under control following relentless efforts to contain militant activity.
“We are on the winning side as far as the battle against terrorism is concerned. This should be seen by the world, and that is what we are trying to project now to the world and to the investors,” Musharraf said.
“We are trying to create an investor-friendly environment here in Pakistan (and) the investor himself should see our environment,” said the president. He said investors looking into the future should consider that “we have tackled the issue of terrorism and we have broken their back and they are on the run”.
“Any investor should see all these realities and should be attracted. Let me say a lot of investors are coming and seeing the reality themselves,” he said, citing 77 countries that attended an export exhibition recently. Musharraf also said Pakistan was also becoming a regional hub as labour costs in Pakistan were “the lowest” in the region.
“I know the labour cost in Pakistan is 34 cents an hour. In India it’s 57 cents an hour. In China I think it’s about 68-69 cents an hour,” he said.
Afp
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i am very hopefull in current and in next year direct and in-direct inverstment will increase by 200%
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