ISLAMABAD: Senate Chairman Muhammad Sadiq Sanjrani said on Thursday that the government should explore the avenues for seeking direct foreign investment and enhancing the potential for exports to improve the balance of trade in the country.
He made these remarks while talking to Advisor to the Prime Minister on Commerce and Industries Abdul Razzaq Dawood who called on him here at his chamber on Thursday, according to a press release.
Senator Sanjrani said that the local industry has the potential to produce quality products which may attract investors from the international market.
“The government should provide a conducive environment for the industry to enhance the production and quality in line with international standards,” he added.
He said that better working relationship and linkages are required among the provinces to create an environment for attracting foreign investment in the country.
Speaking on the occasion, the advisor to the premier apprised the Senate chairman that the government is working on a comprehensive plan to transform the industrial sector and taking measures for maximising the transfer of technology in addition to investment in the country.
He further informed that many new automobile manufacturers are interested to invest and install their plants in Pakistan.
“This would not only decrease the prices of the vehicles in the country but also would facilitate the local businesses in this sector,” Dawood said.
He also apprised the Senate chairman that environment-friendly technology is being given due consideration while encouraging the installation of new manufacturing plants in the country.