Pakistan’s financial system is stable, Gillani

Prime Minister of Pakistan Yousaf Raza Gillani said in his speech at the Seoul summit in North Korea on Wednesday saying that the country has a stable financial system with one of the world’s best investment opportunities from which investors all over the globe can benefit.

The meeting took place between Shrin Dong Bin, the chairman of the Lotte Group, PM Yousaf Raza Gillani, Chairman Board of Investment Saleem Mandviwala, Foreign Minister Hira Rabbani and a few other relevant officials.

Speaking on the progress indicators of Pakistan, Gillani expressed that foreign exchange reserves have raised by $17 billion with exporters reporting a significantly upward trend in the market. He also said that the worker remittances which Pakistan is receiving from their citizens working abroad add up to a total of $12 billion and above. He also mentioned that the stock exchange of Pakistan also reflects the upturning economic conditions of Pakistan. Furthermore, the country has not only become self-sufficient in wheat production but has progressed towards exporting wheat with enough reservoirs to meet sudden demands.

On the other hand, the chairman of the Lotte Groups informed the meeting members that the group is interested in investing in Pakistan, especially in industries such as hotel, infrastructure, and energy.

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