OTTAWA: Federal Commerce Minister, Pervaiz Malik has said the government’s prudent policies have restored macroeconomic stability and improved the security situation that has created a favorable environment for economic growth in Pakistan. Federal Commerce Minister, Pervaiz Malik stated in a meeting to the Ontario Chamber of Commerce, on Saturday to brief them on economic opportunities in Pakistan. President of Ontario Chamber of Commerce Mr. Rocco Rossi and representatives of large multinational companies of Canadian origin attended the meeting. The Minister said that Pakistan has overcome socio-economic and security related challenges and laid down the foundation of sustained economic growth in the Country. The Minister said that according to World Data Atlas, Pakistan joined the club of trillion dollar economies in 2017. Similarly, Price Water House Coopers Report 2017 has projected Pakistan to become the world’s 20th largest economy by 2030. Pakistan has also improved in the Ease of Doing Business indicators and the country has been recognized as one of the top ten performers globally in business regulation. The Minister informed that the GDP growth increased to 5.2 percent in 2017, the highest in 10 years. Agriculture accounts for 19 percent, Industry 21 percent and Services sector has reached 60 percent of GDP in 2017.Pakistan’s Investment Policy, one of the most liberal in the region, provides conducive environment for attracting FDI. The Minister invited members and officials of Chamber to invest in Pakistan where there is no restriction on repatriation of profits and dividends. He informed that no foreign firm has made losses in Pakistan. Besides the China-Pakistan Economic Corridor, investors from USA, UK, France, Germany, Japan, Switzerland, South Korea and the oil rich Gulf States are investing in Pakistan, he added. Published in Daily Times, February 18th 2018.