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Govt pursuing economic diplomacy for the first time: FM Qureshi

Govt pursuing economic diplomacy for the first time: FM Qureshi

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Friday said for the first time government is pursuing an economic diplomacy for socio-economic development of the country.

Addressing an investment conference Qureshi said, various steps have been taken to create a pro-investment environment and it is time for entrepreneurs to take advantage of lucrative business opportunities in the country.

Highlighting achievements of the Pakistan Tehreek-e-Insaf on foreign policy front, the foreign minister said, “Pakistan played a role for peace and reconciliation process in Afghanistan, took peace overtures towards India, including opening Kartarpur corridor and reinvigorated relations with China, Saudi Arabia, the United Arab Emirates, Turkey, Qatar, Malaysia and Iran.”

He added, “Pakistan secured financial assistance from friendly countries to overcome its balance of payment issue.

“Agreement on the second phase of China-Pakistan Economic Corridor and signing of Free Trade Agreement with China will contribute significantly to the socio-economic development of the country,” Qureshi added.

He further said Saudi Arabia has committed $20 billion investment in Pakistan and the United Arab Emirates, Qatar and Malaysia are also eyeing on investment in various sectors in the country. “ExxonMobil company has returned to Pakistan and has been engaged in the exploration of energy resources,” he added.