Strategically located at the cross-roads of centuries-old trade and transport corridors, Pakistan is also a gateway to the energy-rich Central Asia. Add the proximity to Gulf States and the Far East, and it forms a natural bridge, making it a marketplace teeming with possibilities. 

Sixty Four percent of Pakistan’s 240 million population is below the age of 30, which augurs well for long- term sustainable economic growth. And it is not just the numbers, we boast a workforce that is trained, hardworking and intelligent. Pakistan also possesses a large pool of well educated and experienced engineers, bankers, lawyers, IT and other professionals, many with substantial international experience.

Pakistan’s Investment Policy (2023) is designed to provide a comprehensive framework for creating a conducive business environment to attract Foreign Direct Investment. With liberalization, de-regulation, privatization, and facilitation being the cornerstones, our policy trends have been consistent. Almost all sectors of the economy are open to investment, and attractive incentives and liberal policies provide the investors a competitive business environment.

The Policy also provides assurances of basic rights of due process, enforcement of laws and contracts, and provision of security. Foreign investors in any sector are allowed, at any time, to repatriate profits, dividends, or any other funds. It also reinforces the commitment to security and safety of investments. Other critical issues of interest to a foreign investor, including fair and equitable treatment, access to national and international arbitration, and intellectual property protection are also covered in the Policy.

Additionally, the Special Economic Zones Law allows creation of industrial clusters with liberal incentives, infrastructure, and investor-facilitation services to enhance productivity, and reduce the cost of doing business. It envisages ‘After-Care’ service for investors, and caters to the needs of global challenges of competitiveness.

The size of Pakistan’s population, its agricultural output, its young IT savvy workforce, and an increasing demand for goods and services, makes it a perfect country to invest in. Additionally, Pakistan could also be a gateway to huge markets in Central Asia, the Middle East and beyond.

I therefore urge Korean companies to fully utilize the investment friendly policies of the Government to invest in Pakistan. They will be investing in their future.