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DAVOS (Switzerland): President General Pervez Musharraf on Saturday invited Microsoft to invest in Pakistan and to use it as a hub of IT activity in the region.

President Musharraf in a meeting with Chairman of Microsoft Bill Gates invited him to take benefit of the conducive investment climate in the country and invest in Pakistan.

He said Pakistan was fast becoming one of the hubs of IT and provided highly qualified professional manpower. He informed him of the initiatives taken by the government in the IT sector and the progress on e-commerce and e-governance.

Bill Gates Reax with Delight

Bill Gates said Microsoft will help Pakistan achieve its objectives in IT.

He said the Gates Foundation, working under the United Nations in the health sector, can further expand its scope and asked for proposals from the government to identify the sectors where it could concentrate.

Meets Novaratis CE

The President also has a meeting with the Chief Executive of Novratis Daniel Varsela. The President also asked him to take benefit of Pakistan's location and use it as a hub for expanding its market into the Central Asian Republics.

He invited Daniel to invest in Pakistan and said the country provided rich investment potential.

Meeting with Prince Karim

The President also have had a meeting with Prince Karim Aga Khan here on Saturday. They discussed matters of mutual interest and took into account the projects being run by the Aga Khan Foundation in different sectors in Pakistan.

The President appreciated the contributions of Prince Karim in education, tourism, health and social welfare.