Prime Minister Nawaz Sharif today offered Turkish businessmen 100 per cent equity ownership along with complete reparation of capital for investing in Pakistan.
Sharif made the offer during a meeting with visiting Turkish Prime Minister Recip Tayyip Erdogan and a 100-member business delegation accompanying him at his residence in Raiwind here.
"I offer you 100 per cent equity ownership, full repatriation of capital, tax breaks, customs duty concessions on the import of plant, machinery and raw materials. Come and invest here," Sharif said.
This is a rare business offer that Pakistan is making to any country for investments, he said.
"Special economic zones have been established with efficient infrastructure and one-window facility. I offer my own office for my Turkish brothers and sisters, should they face any difficulty," Sharif said.
Earlier, Erdogan was received by Punjab Chief Minister Shahbaz Sharif at Lahore airport this morning and accorded a 21-gun salute and a guard of honour.
The premier was accompanied by his wife and the delegation of over 100 people comprising prominent businessmen and journalists.
Sharif hosted a luncheon in honour of his Turkish counterpart.
"I invite Turkish businessmen to explore the opportunities in energy sector ranging from wind, thermal and hydel power generation and government of Pakistan shall ensure full protection and support to your investment," Sharif said.
"I am encouraged to see our Board of Investment working with Pak-Turk Business Council in textile, automotive and communication sectors. We are open to competitive proposals for building infrastructure projects from roads to bridges in a public private partnership modality and shall safe guard your investments in Pakistan," he said.
Sharif stressed that success of Lahore Metro Bus and solid waste management projects in collaboration with Turkish companies provides a way forward.
"I assure you full support and special incentives from Board of Investment if my Turkish brothers and sisters are interested to explore tourism sector," he said.
Sharif had made economic reforms an important issue in his election campaign but Pakistan has not had much success in attracting investments since he came to power.
"Turkish agro companies with their expertise in food processing technology would find this sector very attractive for value addition and conversion of this 'white gold' into cheese, butter and dry milk products," he said.
"Similarly, the opportunities in the export of high quality citrus and mangoes is unmatched and Turkish firms may consider corporate farming to boost the productivity in this sector," the Pakistan Prime Minister added.
Erdogan said Pakistan was his second home and the Turkish businessmen would invest in Pakistan.
