Pakistan on Sunday launched a three-day investment roadshow in the United Arab Emirates as it seeks to boost foreign investment amid an economic slowdown in the South Asian country, Pakistani state media reported.
The campaign has been organized by Pakistan’s Special Investment Facilitation Council (SIFC) in collaboration with the United States Agency for International Development.
It seeks to attract investors from around the world and apprise them of a conducive investment climate in Pakistan, the state-run broadcaster Radio Pakistan reported.
“The roadshow, which will be attended by investors from the UAE and other countries, will highlight the SIFC’s efforts to improve investment climate in Pakistan,” the report read.
“The roadshow will also provide awareness about the valuable resources and investment opportunities available in Pakistan and attract investors in the diverse sectors, including minerals, information technology, agriculture and energy.”
Cash-strapped Pakistan is on a tricky path to economic recovery under a caretaker government after it narrowly escaped a default on its debt obligations earlier this year due to the last-gasp $3 billion fresh deal that replaced an incomplete and stalled program.
In June, the South Asian country set up the SIFC, which also includes its army chief, with the sole purpose of reviving the frail economy, which has been dented by low foreign exchange reserves, currency depreciation and record inflation.
The council aims to attract foreign investment by capitalizing on the country’s untapped potential in agriculture, mining, information technology, defense production and energy sectors.
