president musharraf gives support

Pakistan has immense prospects for foreign investors: President Musharraf

RAWALPINDI (APP)- President Musharraf Monday said Pakistan's positive economic scenario holds out immense prospects for foreign investors, stating that increased inflow of investment into various sectors would lead to socio-economic development at grassroots level.
The President was talking to a four-member delegation of Australian Tethyan Copper Company, which is carrying out exploration and development of copper mining in Balochistan.
President Musharraf expressed the hope that the project would generate employment opportunities for the local populace.
"In the long-term, we believe it is the economic empowerment of people at local level that would help reduce poverty and lay firm foundations for across-the-board development," he underlined.
Continuing, the President hoped that the foreign investors would contribute to the socio-economic advancement of the people of the area by providing job opportunities and also by allocating funds for their well-being in fields of education and health.
The President referred to the vast human and natural potential existing in the country at the back of a fast-growing economy and said these coupled with a host of incentives offered to entrepreneurs have made Pakistan a promising destination for investment.