‘Investment in Pakistan difficult’

[LahoreEstate]

‘Investment in Pakistan difficult’



Friday, February 06, 2009
By our correspondent

KARACHI: Commercial Counselor of Embassy of the United States in Pakistan, William Center has said that it was very hard to prioritize Pakistan as an investment destination in the current law & order scenario.

He stated this at his visit to SITE Association of Industry on Wednesday.

He maintained, “The situation requires correction and positive changes in the perception of the country which does not sell a viable enough image to comfort the investor to direct his/her investment in the humongous available market of 170 million people.”

He said development means the general welfare of the common man who should be provided all the means and tools necessary for a reasonable living.

The responsibility of state and the civil society should be to manage development in such a way that the trickle down effects are transmitted to the needful, so that he does not resort to actions not allowed by the framework of the laws of the land.

He said that Pakistan faces the alleged position of a terrible law & order state, often contributed by disgruntled elements of the civil society feeling deprived of their rights and the share they feel they must have in the developments.

William Center, however, said that investment in infrastructure and insurance sectors in Pakistan can be considered to develop its economy for the welfare of its citizens.

While welcoming William, SITE Association of Industry Chairman Engr M A Jabbar stressed upon him to increase the volume of US investment here in Pakistan.

http://www.thenews.com.pk/daily_detail.asp?id=161010