Daily Times

ISLAMABAD: Ukrainian Ambassador to Pakistan Volodymyr Lakomov on Sunday said that attractive opportunities existed for the Pakistani investors in Ukraine, after amendments in investment law.

President of Ukraine Petro Poroshenko signed the law on amendments to several legislative acts of Ukraine regarding the abolition of mandatory state registration of foreign investments.

Therefore, the Pakistani investors will have new opportunities in the Ukrainian market, including participation in large and middle scale investment projects, he said in press statement issued here.

The law provides for creation of more favorable conditions for the attracting investments.

Such amendments will bring the Ukrainian legislation closer to the EU standards and facilitate the revival of the Ukrainian economy, he added.

Recently, the State Property Fund of Ukraine announced the privatization programme for the year 2016, which includes a number of high-technological and industrial enterprises formerly owned by the government-assets, that can constitute a serious interest for Pakistani investors, he said.

Ukraine and Pakistan are due to sign an inter-governmental Agreement on Mutual Promotion and Protection of Investments, which is already in the pipeline and will be concluded during the upcoming high-level visits, Volodymyr Lakomov said.

The Board of Investment of Pakistan will soon provide a new draft of this agreement for consideration of the Ukrainian Side.

Ukraine and Pakistan enjoy close and friendly bilateral relations based on mutual understanding and brilliant cooperation in many different fields, from defense and trade to cultural cooperation, the ambassador said.