Islamabad: Minister for the Board of Investment Qaiser Ahmed Sheikh has stated that Pakistan’s economy is on the right track, with numerous companies showing interest in making substantial investments in various sectors.

According to Radio Pakistan, while speaking to the media in Islamabad, Qaiser Ahmed Sheikh noted that foreign rating agencies have upgraded Pakistan’s rating, marking a significant achievement for the current government. He emphasized the government’s focus on expanding the export sector, describing export-led growth as the only viable path forward for the country.

Qaiser Ahmed Sheikh further highlighted that investment in Pakistan’s mineral sector represents an important milestone. He mentioned that both the United States and China are particularly interested in the sector, which is rich in rare minerals.

The Minister also discussed the government’s initiatives to improve ease of doing business, stating that several incentives and facilities have been provided to foreign investors and companies. These include tax exemptions for setting up new industries and for the import of machinery, showcasing the government’s commitment to attracting foreign investments.