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Musharraf woos French businessmen
Paris, July 03: Pakistani President Pervez Musharraf sought today to woo French business leaders here, touting his country`s tame inflation, its anti-corruption efforts and its anti-terrorism commitment.
Paris, July 03: Pakistani President Pervez Musharraf sought today to woo French business leaders here, touting his country's tame inflation, its anti-corruption efforts and its anti-terrorism commitment.
Budget deficit was held to 4.5 per cent of
output and inflation was limited to 3.3 per cent, according to
Musharraf.
The Karachi exchange last year was the world's best performing stock market, posting a gain of 112 per cent. So far in 2003 the exchange is up 16 per cent.
Musharraf also pointed to a favorable climate for foreign investors, noting that borrowing charges have been reduced to less than eight percent from 15 per cent, tax- and duty-free zones are being created, labour costs are low and law and order has been secured.
He sought to reassure French investors that his government was waging a vigorous campaign to stamp out terrorism. A suicide bomber killed 11 French naval technicians and three Pakistanis and injured 12 people in an attack in Karachi in May 2002.
Bureau Report
The Karachi exchange last year was the world's best performing stock market, posting a gain of 112 per cent. So far in 2003 the exchange is up 16 per cent.
Musharraf also pointed to a favorable climate for foreign investors, noting that borrowing charges have been reduced to less than eight percent from 15 per cent, tax- and duty-free zones are being created, labour costs are low and law and order has been secured.
He sought to reassure French investors that his government was waging a vigorous campaign to stamp out terrorism. A suicide bomber killed 11 French naval technicians and three Pakistanis and injured 12 people in an attack in Karachi in May 2002.
Bureau Report