'Investment climate more amenable in Pakistan'
Monday, 31 May 2010
PESHAWAR, May 29 (Business Recorder): Chief Executive Officer (CEO), National Fullerton Assets Management Limited Amjad Waheed has said that current account deficit has reduced and investment climate in the country is now more amenable than it was two years back.
Addressing a seminar under joint auspices of Institute of Management Sciences (IMSciences), Peshawar and NFAML on 'Investment Climate and Opportunities in Pakistan' here Friday, he said that unlike 2008, Pakistan has now its fiscal deficit to GDP ratio in control and there is a possibility that inflation rate will decline till 2011 which will allow the state banks to ease out discount rates.
Waheed highlighted that Pakistan is facing social, structural, and economic problems. He quoted statistics from Foreign Policy Magazine, USA that Pakistan is ranked 168 out of 177 courtiers on factors like demographic pressure, refugees and IDPs, group grievances, economic decline, public service, human rights, and external interventions. The result of these factors has long been reflected in the low GDP per capita in Pakistan.
He emphasised that sustainable economic growth is not possible, unless substantial resources are allocated to productive factors. The CEO identified several important ingredients of economic growth like healthcare and population planning, education and training, science and technology, infrastructure, savings and investments, dominant private sector, governance/ law and order situation.
Despite the bleak social and economic picture, there are several positive developments that have been taking place in the near past.
Addressing a seminar under joint auspices of Institute of Management Sciences (IMSciences), Peshawar and NFAML on 'Investment Climate and Opportunities in Pakistan' here Friday, he said that unlike 2008, Pakistan has now its fiscal deficit to GDP ratio in control and there is a possibility that inflation rate will decline till 2011 which will allow the state banks to ease out discount rates.
Waheed highlighted that Pakistan is facing social, structural, and economic problems. He quoted statistics from Foreign Policy Magazine, USA that Pakistan is ranked 168 out of 177 courtiers on factors like demographic pressure, refugees and IDPs, group grievances, economic decline, public service, human rights, and external interventions. The result of these factors has long been reflected in the low GDP per capita in Pakistan.
He emphasised that sustainable economic growth is not possible, unless substantial resources are allocated to productive factors. The CEO identified several important ingredients of economic growth like healthcare and population planning, education and training, science and technology, infrastructure, savings and investments, dominant private sector, governance/ law and order situation.
Despite the bleak social and economic picture, there are several positive developments that have been taking place in the near past.