Country receives $1231.7 mln foreign investment in eight months: NA told

ISLAMABAD: Minister for Information and Broadcasting Dr. Firdous Ashiq Awan on Friday informed the National Assembly that the country had received foreign investment of $1231.7  in various sectors during during the last eight months.The overall profile of foreign investment  improved from US$ 969.5 million to US$ 1231.7 million during last eight months as compared with the same period of the corresponding year, she said during the question-hour session of the National Assembly.The Minister said foreign investors were getting attracted  through prudent economic policies and as aresult they had shown keen interest to make investment  in various sectors such as oil and gas, telecom, power and banking.She said foreign investors had evinced keen interest in the country as they invested $325.7 million in oil and gas sector, $121.3 million in banking sector and $102.7 million in tele-communication industry.

Dr. Firdous Ashiq Awan said the government was making  hard efforts to strengthen the national economy   and added  that political stability was prerequisite for making the country economically viable.Replying to a question of Sardar Awais Ahmed Khan Leghari, she said the figures presented before the House regarding the foreign investment were accurate and authentic and these were  not based on speculations.She said China had been the main foreign investor during last eight months and hopefully Turkey too would make heavy investments in the coming days.Responding to another question, the Information Minister said the government was planning restructuring of all those public sector organizations that were suffering from losses.She said the government had launched a national motivation campaign in order to encourage Pakistani citizens to  invest their money . The investors  now realise  that investment made in Pakistan would never be at risk  despite  there being  global recession and economic meltdown, the Minister added. – APP