Carlyle Group to invest in Pakistan
January 25, 2007The Carlyle Group, one of the world’s largest private equity firms, plans to set up a fund of several billion dollars for investments in Pakistan and the Middle East.
"We are seriously looking at Pakistan because of its strong economic growth and investor-friendly policies," sources quoted David Rubenstein, chief executive officer of the Carlyle Group, as telling Prime Minister Shaukat Aziz in a bilateral meeting in Davos, at the sidelines of the World Economic Forum. The Carlyle Group will be the first private equity firm to come to Pakistan…Mr Aziz hailed the development as "the best news we have had in a while". He said Pakistan had been trying to bring in private equity firms for a long time.… Daily Times
