Pakistan has one of the most liberal foreign investment regimes in South Asia. One hundred per cent foreign equity is permitted in the manufacturing and infrastructure sectors.
Ongoing reform of Pakistan's trade regime is reducing tariff barriers.
Ontario's exports to Pakistan have grown by over 132 per cent over the last five years. Ontario's imports have grown about 10 per cent.
In 2005, about 10 per cent of Ontario's goods exports to Pakistan were ICT related.
The Government of Pakistan (GOP) has identified Information Technology as one of the four key areas that would contribute to the revival of the country's economy.
In 2006, Pakistan won the GSM Association's Government Leadership Award, which recognizes the GOP progress in establishing a thriving mobile communications sector over the past three years.
For 2006, Pakistan's GDP is projected to grow by 6.6 per cent.
Between 2005 and 2006, Pakistan's imports from the world are projected to increase by 25 per cent, while exports are expected to increase by 26 per cent.