Times of Islamabad

World s largest Investment group with 1.9 trillion assets keen to invest in Pakistan

World s largest Investment group with 1.9 trillion assets keen to invest in Pakistan

ISLAMABAD – Prime Minister Imran Khan has said that a population of over200 million, a high percentage of youth, and the unique geo-strategiclocation of Pakistan offer a number of opportunities to the businesscommunity.

He was talking to a delegation of Capital Group, American financialservices company, which called on him at the PM Office. The delegation ofCapital Group included Michael Thawley, Political Economist Capital Group,Arthur Caye, Luis Freitas de Oliveira, Ric Torres, Stephen Green, TalhaKhan and Wahid Butt.

Finance Minister Asad Umar, Advisor to PM on Commerce and Industry AbdulRazak Dawood, Governor Sindh Imran Ismail, Chairman BoI Haroon Sharif andsenior officials were present during the meeting. Capital Group is rankedamong the world’s oldest and largest investment management organizations,with $1.89 trillion in assets under management.

Talking to the Prime Minister, Michael Thawley said that the improvedsecurity situation, policies and the seriousness of the current governmenttowards economic revival had encouraged the company to explore businessopportunities in Pakistan.

The Prime Minister, while welcoming Capital Group’s interest in Pakistan,highlighted the present government’s reform agenda and various steps beingtaken to provide a conducive and business-friendly environment to theinvestors.

He said that the government, besides focusing on improving ease of doingbusiness, was striving for a mindset change so that the business communitywas facilitated to undertake lucrative business ventures. This, hecontinued, would enable the economy to expand and create job opportunitiesfor the country’s youth.