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Parag Saxena called on Prime Minister Syed Yusuf Raza Gilani at his residence to discuss investment opportunities in Pakistan
with the PM and Dr. A. Hafeez Shaikh, Finance Minister.

Prime Minister Syed Yusuf Raza Gilani on Tuesday said Pakistan offered excellent investment opportunities and enabling environment to the investors.Talking to President of Investment Fund, New York, Perag Saxena, who called on him at the Prime Minister House, Gilani said the country had become an “investors’ choice” in energy sector. Saxena discussed investment opportunities in Pakistan in the sectors of telecommunication, education and health.(APP)

Parag Saxena, CEO New Silk RouteNSR has assembled a strong portfolio of companies capitalizing on the tremendous growth in Asia and the Middle East,” said Parag Saxena, Founder and CEO of New Silk Route. “However, the opportunities for our investments are not simply confined to those regions. The purpose of the Strategic Advisory Board will be to provide guidance and identify potential business opportunities for our investments in markets across the globe in order to drive maximum value for our investors.

I believe that the Indian consumer sector, particularly retailing and restaurants, will continue to do well in 2012 driven by the overall increase in population wealth. Interest rates have peaked and we should start seeing lower interest rates towards the end of next year. That will positively impact Indian financial institutions. Additionally, as people recognize that European turmoil will only have a modest impact in India, I expect the rupee to strengthen by at least 5% from its current level (Rs. 53.30/$1). Finally, I am optimistic that 2012 will also see positive rule changes and increased transparency surrounding India’s infrastructure and government procurement processes. This will benefit companies involved in the bidding process and overall competition in India in general.

Parag Saxena to speak at Thunderbird University conference