Significant economic stability, improved law and order boosts investors' confidence in Pakistan: PM

Prime Minister Shahid Khaqan Abbasi Wednesday said Pakistan had achieved significant economic stability and improved the law and order situation that had boosted the confidence of local and foreign investors to invest in the country.

The prime minister said this during a meeting with Mitsubishi Corporation Chairman Ken Kobayashi on the sidelines of World Economic Forum (WEF) in Davos, according to a press release received here from Switzerland.

Special Assistant to the Prime Minister Ali Jehangir Siddiqui, Member of the National Assembly Ms. Shiza Fatima and senior government officials were also present.

The prime minister apprised the Mitsubishi chairman that the government had achieved the highest foreign reserves of its history, contained inflation and undertook mega energy projects to address the energy issue faced by the county.

He appreciated Mitsubishi Corporation's diverse investment in Pakistan, especially in local manufacturing of heavy machinery.

The Mitsubishi Corporation chairman thanked Prime Minister Abbasi's support to the Corporation’s operations in Pakistan and expressed the desire to further expand investment in coal-based power projects and water and sewage management.

Mitsubishi - the largest trading company of Japan - is among the world’s leading infrastructure development, logistics, energy, metals, machinery, chemicals, household appliances producer.

Mitsubishi has been undertaking several joint ventures in Pakistan and setting up the country’s 3rd LNG Terminal.