Political Stability and Reduced Energy Costs Vital for Development, Emphasizes President JoharQandhari.

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has
expressed deep concern over the recent 21% decline in foreign direct investment (FDI). Emphasizing
that political stability and a reduction in energy costs, including production expenses, are imperative for
development, Qandhari underscored the need for a conducive environment to attract foreign
investment.
Highlighting that, apart from China, Saudi Arabia, and the United Arab Emirates, very few countries have
made substantial investments in Pakistan, Qandhari stressed the importance of exploring new
opportunities beyond existing friendly relations. While acknowledging the significant investments from
these countries, he emphasized that Pakistan must diversify and seek additional avenues for foreign
investments.
President KATI raised concerns about the shifting policies within the country, leading to disillusionment
among existing investors who are now considering withdrawing their investments. Qandhari called for
the immediate cessation of this trend.
Qandhari urged the government to collaborate with stakeholders and formulate a comprehensive, long-
term policy that includes incentives and facilities to create an attractive environment for foreign direct
investment. He highlighted the vast investment potential in Pakistan, emphasizing the necessity of a
well-thought-out strategy and policy to harness these opportunities. Expressing optimism, he hoped
that the incoming government would prioritize planning and implementation to boost foreign direct
investment urgently.