ISLAMABAD – Pakistan is offering abundant investment opportunities with growing economy and foreign investment in energy and infrastructure projects, under China-Pakistan Economic Corridor project.
Prime Minister Muhammad Nawaz Sharif Wednesday stated this while talking to Chairman, Standard Chartered Bank Jose Vinals.
The Prime Minister said a healthy capital base, outstanding growth in assets and profitability and compliance with international standards put Pakistan’s banking sector at a very competitive position in the region for investors.
He said that Pakistan’s banking sector has shown impressive performance and proved its resilience with stable outlook. Due to growth focused policies, Pakistan has been upgraded to the list of emerging markets, he said.
The Prime Minister said that regulatory and supervisory framework of Pakistan was very progressive and provided supportive environment to the international investors.
Pakistan stock market was ranked as the fifth best performing stock market in 2016 and current GDP growth rate stood above 5.3%.
Prime Minister Nawaz Sharif said Standard Chartered was one of the oldest and the largest international banks in Pakistan and appreciated its continuous commitment to introduce new technology and innovative financial products including Islamic banking in Pakistan, compatible with global standards.
Chairman Standard Chartered Bank said his bank would like to further enhance cooperation with Pakistan. Chief Executive Officer and Managing Director (North), Standard Chartered Bank accompanied the Chairman. – APP