No foreign security company can operate in Pakistan: Nisar


ISLAMABAD: The National Assembly was informed Monday that no foreign security company is allowed to operate in the country under the prescribed criteria for private security companies.

Minister for Interior Chaudhary Nisar Ali Khan told the House during question hour that if any company is illegally operating in the country then strict action will be taken against those who issued visas in this regard.

To a question, he said that there is a complete ban on the issuance of fresh licenses for weapons for the last three months. He said during the last few years seventy thousand licenses were issued which have resulted in the increase in the crime rate.

The Interior Minister said that all cases of issuance of licenses where fee has been deposited before 20th June, 2013 are being processed.

To a question, the Interior Minister said that ninety-eight thousand illegal foreigners mostly Afghan nationals are residing in the suburbs of the Islamabad Capital Territory. He said that the government has taken a number of steps to regularize their activities and for their repatriation. He said the District Administration has been directed to approach the UNHCR for repatriation of Afghan Refugees residing in the jurisdiction of ICT. He said registration process of the refugees is also underway.

To a question, Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad told the House that Net Foreign Direct Investment has been adversely affected by the law and order situation in the country. He said Net FDI has declined from 3719 million dollars in 2008-09 to 820 million dollars in 2011-12. He said however, net FDI has again started increasing and during the year 2012-13, Net FDI inflow received was 1447 million dollars in 2012-13 which is 76 percent higher than the previous year.

He said government is offering competitive incentives through investment policy to attract direct investment in the country. He said the initiatives include Promulgation of Special Economic Zones Act, 2012 for industrial clusteralization in the country, Investors’ facilitation services by Board of Investment and Investment promotion campaign by holding of investment conferences in countries having potential of investing in Pakistan.




Copyright APP (Associated Press of Pakistan), 2013


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