Pakistan a lucrative destination for investment: Bloomberg
The Washington based international financial monitoring institution Bloomberg News has acknowledged Pakistan's expanding economy. In a report, it said that cheapest borrowing costs have made the country as a lucrative destination for investment.
It said in Pakistan's commercial hub of Karachi, at least half a dozen commercial projects are springing up and major companies are investing in constructions.
The report noted that Prime Minister Nawaz Sharif is boosting spending on infrastructure.
The country's borrowing rates are also among the cheapest, encouraging businessmen to boost investment.
The benchmark KSE 100 stock index has advanced about 16 percent in the past 12 months, featuring among the world's top 10 performers. (PBC)
