Islamabad, Jan 29: Muhammad Azfar Ahsan, Pakistan’s former Minister for Investment and Chairman of Nutshell Group, took part in a high-level discussion on “Promoting Forex-Accretive, Technology-Intensive Investment” during the “Dialogue on the Economy”, an event organized by the Pakistan Business Council. The event, which was attended by 125 industry leaders, focused on critical aspects of fostering investment in Pakistan.
Azfar Ahsan emphasized that political stability is the foundation for a thriving investment climate. He urged all stakeholders, including the government and private sector, to focus on facilitating and expanding both local and foreign investors. He stressed the importance of creating an environment that encourages wealth creation, allowing businesses to scale, reinvest, and collaborate with foreign investors through joint ventures.
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Ahsan also highlighted the need for the State to protect investors and emphasized that B2B investments should primarily be driven by the private sector. He advised the government to step away from direct involvement in business matters and instead focus on creating investor-friendly policies, regulatory frameworks, and institutional support.
Calling for long-term economic planning, Azfar Ahsan proposed a minimum 20-year investment roadmap and advocated for policy continuity for at least 10 to 12 years to boost investor confidence. He argued that frequent policy shifts are detrimental to investor confidence and that only predictable and stable policies would attract large-scale, forex-generating, technology-driven investments.
Other notable speakers at the event included Muhammad Ali Tabba, CEO of Lucky Cement & YBG Group, Arif Saeed, CEO of Servis Group, and Kamran Kamal, CEO of HUBCO & BYD. The session was moderated by Ali Khizer, Director of Research at Business Recorder.
