Menace OF Terrorism impeding investments: PM

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KARACHI: Prime Minister Yousuf Raza Gilani said that that the country was encountering numerous internal and external challenges - the most critical is the menace of terrorism and extremism which is impeding flow of foreign investment and progress and prosperity of our people.

He was speaking at the award distribution ceremony of Brand Awards 2008 at a local hotel Tuesday.

“The government was taking cognizant measures to counter the menace of terrorism and extremism, improving law and order situation which is pre-requisite for the smooth flow of foreign investment in the country and over all socio-economic upliftment of its people”, he noted.

The Prime Minister said the government has formulated 9-point economic agenda which would help regain the momentum of economic growth in a reasonable period of time by keeping inflation rate on the minimum lower side. “Only thereafter, the gains of the growth would flow to the common man and women of Pakistan”, he observed.

He pointed out that stable economies of developed nations were based on their internationally reputed brands which not only provide a healthy competition in business market but also export brand equity value internationally.

Prime Minister Gilani gave away the Brand of the Year 2008 Award for ARY Gems and Jewellery to Haji Jan Muhammad and Brand of the Year 2008 Award for Millat Fan to CEO Shoaib Jan Muhammad.

Millat Fan had also received the Brand of the Year Award in previous year.

The prime minister gave away awards and certificates to other recipients of best brands in Pakistan.

Sindh Governor Dr Ishratul Ibad and Chief Minister Syed Qaim Ali Shah were also present on the occasion.


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