KarachiThe government has always been keen about foreign direct investment (FDI) rather than domestic investment -a policy that needs to be reviewed to improve investment in Pakistan, said Professor Dr Abdul Wahab, President, Mohammad Ali Jinnah University. Addressing a seminar on ‘Impact of global/US financial crises in Pakistan’ organised by Shamrock Conferences International at a local hotel Dr Abdul Wahab said no investor invests in any country where his investment is not secure. Syed Ali Raza, Chairman, President and CEO of National Bank of Pakistan was optimistic and said that reverse flight of capital would take place in Pakistan because the world is in turmoil and investor has limited destinations to invest. The first session on ‘Policy Framework and Investment Crunch’ included presentations by Ehsan Elahi-SVP and Head of Research, National Bank of Pakistan, and Mir Mohammad Ali, CEO, UBL Funds Management. Arif Elahi, Director General, Board of Investments (BOI), gave a very candid and positive analysis of the economic progress made by Pakistan, and bright chances of Pakistan successfully averting the impending crisis. read more

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