BOI to hold road show for increasing Pakistan’s FDI: Spokesman BOI

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ISLAMABAD, Apr 21 (APP):The Board of Investment (BOI) on
Friday said the government would hold road show in China,Germany
including world big economies in coming few months for increasing
Pakistan’s Foreign Direct Investment.
Through new work plan,BIO would hold road shows with the
collaboration of chambers of industries and All Pakistan Textile
Mills Association (APTMA) for focusing on textile and steel
industry,said a Spokesman of Board of Investment (BOI) Shah Jahan in
talking to APP here.
He said that through pro-active approach,”We would have mainly
focussing to achieve the FDI target US$ 15 billions by 2025.
He said that Pakistan’s Foreign Direct Investment (FDI) had
increased by 12.4 percent in third quarter of current fiscal year
from 1st January to end of March.
The Board of Investment (BOI) said that huge foreign
investment in automobile sector would be expected from different
groups because of the prudent policies of the government .
The spokesman said that foreign investors were keen to invest
in various sectors of Pakistan.
He said the government is committed to provide ease of doing
business for foreign investors and also global competitiveness for
Multinational Companies (MNCs).
He said that BOI had digitalized visa process for foreign
investors and now the investors could apply online for business visa
from anywhere and there would be responded in very short period of
time.
The duration of visa process had now been reduced from six
months to weeks subject to the verification from different agencies,
he added.
Spokesman of BOI said, “We have also transformed the liaison
and branch office from manual to online to facilitate the investors.
He informed that Pakistan was in top 10 countries in world for
improving in investment laws and providing facilities for doing
business to foreign investors.
Shah Jhan said that seven Special Economic Zone (SEZ) cells
had been approved for facilitating the investors through one window
operation to provide them facility at one place.
The spokesman said that SEZs investors would get the facility
for plant and machinery import without customs duty in all four
provinces of the country.
Three each SEZs would be established in Punjab and Sindh and
one in Khyber Paktunkwa, he added.
Replying to a question, he said that nine more industrial zone
had been approved for high tech industry to enhance the export and
employment opportunities in the country.
He said the SEZ Cell had been furnished on the contemporary
corporate style and would be equipped with state-of-art facilities.
He said that Pakistan had one of the most liberal foreign
investment regimes in South Asia.
The BOI was fully committed to reviving the confidence of
foreign businessmen to ultimately boost foreign investment in the
country.