Pakistan tells Canada to invest and make profit

ISLAMABAD: While addressing annual general meeting of the Chamber of Trade (CPACT) Raza Bashir Tarar, High Commissioner of Pakistan to Canada has said that Pakistan’s liberal investment policy provides conducive environment for Canadian firms to invest and make profit.

He said that Pakistan considers Canada very important partner for the size of its economy and membership of important for a like G-7, G-20, WTO and the Commonwealth.

Pakistan is keen to engage in a ‘full spectrum’ partnership, including in trade and investment sectors, he added. Raza Tarar said that Pakistan, located on the crossroads of landlocked regions and strategic sea lanes of communication, offers attractive business opportunities and meets the priority areas for Canada’s expertise like industrial machinery, ICT, infrastructure, mining, clean technologies, agriculture and high education sectors.

The high commissioner informed that the political leadership of Pakistan is focused on strengthening governance; accountability and transparency; and is striving hard to achieve poverty alleviation.

“As part of the National Action Plan, the government has clamped down on money laundering and illegal money transfers” he said. He briefed the CPACT about the tourism potential in the country and said that the government is, inter alia, striving to develop tourism industry in the country, a great potential which has not been fully exploited so far. Religious tourism is being given great attention, he added. The high commissioner expressed hope that with the efforts of CPACT, Canadian firms will avail the opportunity to invest in Pakistan and make profit like firms from many other countries. The high commissioner also drew the attention of the participants to Indian atrocities in Indian Occupied Jammu and Kashmir. He urged the participants to raise the issue at every available forum.