Dar directs BoI to formulate long term investment plan

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Dar directs BoI to formulate long term investment plan

ISLAMABAD, Dec 14 (APP): Minister for Finance Mohammad Ishaq
Dar Wednesday directed the Board of Investment (BoI) for
formulating a long term investment plan focusing on sectors which
had potential to absorb maximum investments and create more job
opportunities in country.
The minister held a meeting with Chairman BoI Miftah Ismail
and Special Advisor to Prime Minister on Revenue Haroon Akhtar Khan
to review the measures to attract Foreign Direct Investment (FDI)
and improve local investment in the country.
He asked BoI to take input from the private sector to make the
plan more inclusive and beneficial. The plan, later, would be
presented to the prime minister for further consideration.
The minister said the present government since its
inception had promoted policies that could facilitate the investment
both foreign and local in the country.
We had worked on improving the transparency in operations
and taken measures to build the image of the country in the World
at large; now our approach should be to reap the benefits of the
changed perceptions, he added.
Chairman BoI Miftah Ismail briefed the minister on the
current situation of the foreign direct investment in the country
and steps being taken to make the country more attractive
destination for investors both foreign and local.
Chairman BoI said as the country had been making
progress on the economic front, there was a need to put in place
measures to ensure an enabling environment by enhancing the ease of
doing business in the country.
The meeting also discussed measures to boost exports of the
country.