LAHORE: Pakistan needs to focus on improving the variety of exports to lure foreign investments, said World Bank Consultant Mr Marcos Grif fin on Thursday.
Speaking at an investment conference jointly organised by the Punjab Board of Investment and Trade (PBIT) and the World Bank, Mr Griffin said the policies required to increase exports of various industries shouldbe one of the key focus areas of the government and not only limited to specific export promotion programmes.
Otherwise a balance of payment issue might become a concern in the future due to repatriation of profits from FDIs, he added.
He applauded the efforts being made by the government to carryout welfare projects and increasing tax collection base.
PBIT Chief Executive Officer Haroon Shaukat saidthe board was bringing in local and international investors for one-on-one consultations with the business community in a bid to unlock country`s potential.
`This approachis effective in addressing business and investment challenges in the country`s economy,` he said.
Mr Shaukat said the Punjab Growth Strategy sets a target of doubling Punjab`s GDP growth rate by 2018 (from 3.5 to 7.0 per cent) to absorb one million people entering the workforce every year.
