Foreign investment fully protected in Pakistan:Dr. Miftah

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ISLAMABAD, Jan 6 (APP):Minister of State/Chairman, Board of Investment (BOI) Dr. Miftah Ismail said Wednesday that the foreign investment was fully protected under the Foreign Private Investment (Promotion and Protection) Act, 1976,and Protection of Economic Reforms Act 1992.

“Laws have also been tailored to safeguard and ensure protection of investments”, he said while talking to Mrs. Martine Dorance, Ambassador of France to Pakistan who visited Board of Investment to discuss and explore the key areas of investment opportunities available in Pakistan.

The Minister highlighted the investment potential and opportunities available for French investors and companies in Pakistan.

Mrs. Martine Dorance and Chairman, BOI also agreed to organize the business and investment forum at Paris, France, in the Mid of May, 2016, to highlight different available investment opportunities in Pakistan.

She further informed that French investors and companies were interested to invest in Pakistan specifically in pharmaceutical and many other sectors.

The Chairman, BOI informed her that Pakistan had dire need of car manufacturing unit, due to growing demand of the people.

Dr. Miftah Ismail also informed the French Ambassador that Board of Investment was also planning to organize one day “Road Show” in Paris  during April or May, 2016, as per convenience of Finance Minister of Pakistan.

At the end, the Chairman, BOI thanked Mrs. Martine Dorance, for visiting Board of Investment and appreciated her efforts and intention to boost investment and economic relation between the two friendly countries.