Islamabad (Commerce Desk):Efforts by the State Investment Facilitation Council (SIFC) have restored foreign investor confidence, leading to visible signs of stability in Pakistan’s economy.
According to Finance Minister’s Advisor Khurram Shehzad, economic stability and an improved investment environment have made Pakistan an attractive destination for foreign investment. A recent survey by the Overseas Investors Chamber indicated that confidence in foreign investment has risen from 61% to 73%.
Khurram Shehzad noted that Nestlé has decided to make an additional $60 million investment in Pakistan and position the country as a regional export hub, with exports planned to 26 countries. He added that Azerbaijan’s state-owned energy company SOCAR is expected to finalize its investment in Pakistan’s oil and gas sector in February and has designated Pakistan as a long-term energy partner.
Over the past 18 months, 20 foreign investors, including Google, BYD, Aramco, and Samsung, have entered Pakistan. Significant growth has been observed in large-scale manufacturing, automobiles, cement, fertilizers, and mobile phone sales.
Shehzad highlighted that improvements in the current account surplus, reduced inflation, increased foreign exchange reserves, and rising remittances are clear indicators of economic recovery.
