ISLAMABAD: Ukraine’s 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, he said, the Pakistani investors will have new opportunities in the Ukrainian market, including participation in large and middle scale investment projects.
The law provides for creation of more favourable 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 privatisation 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.
Pakistan’s Board of Investment will soon provide a new draft of this agreement for consideration of the Ukrainian Side.
Pakistan and Ukraine enjoy close and friendly bilateral relations based on mutual understanding and brilliant cooperation in many different fields, from defence and trade to cultural cooperation, the ambassador said.
One of the latest examples of successful joint projects in cultural sphere was a joint issue of Ukrainian – Pakistani postal stamp “Monuments of Ancient Cultures: Mohenjo Daro and Trypillia”, he said.
He added that the stamp has become very popular among high-level politicians, leading businessmen and philately collectors both in Pakistan and Ukraine.
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