BoI is committed to provide modern facility in Special Economic Zones SEZs


ISLAMABAD, Oct 10 (APP):The Board of Investment (BoI) is committed to provide modern facility in Special Economic Zones (SEZs) according to international standards for foreign and local investors to broaden investment opportunities in the country.
The government would give tax relaxation and one window operation facility to the investors in SEZs for providing
conducive business environment through ease of doing business tools, a senior official of BoI told APP here on Wednesday.
He suggested Pakistani investors should go for joint venture with foreign investors to learn the international best
managerial skills and technology.
Replying to a question, he said that for implementing government’s hundred day reforms agenda to provide ease of doing business and improve efficiencies of the institution, “We are working in different areas for achieving the targets of reforms
agenda by enhancing the capacity of the institution for competitiveness.
He said that under the plan, the BoI would further simplify registration system of new companies besides, normalizing the documentation process of visas for foreign investors.
He said that the board would enhance its complaint management mechanism and develop feedback loops for improving capacity of system. He added new public awareness drive designed for business registration in all provinces.
Senior official said the board will be established an e-payment system for investors enabling them to have facility of
online transactions by consolidating all payments.
He said that there is a plan for complete automation of property registration process including online verification of title
search to making information publicly available under new system.
He said that the institute would also present annual report on ease of doing business by October 31, 2018 for facilitation
and providing conducive business environment in the country.
Replying to a question, he said that Integrate Web Based One Customs has introduced by the Federal Board of Revenue (FBR) for filing Goods Declarations with banks for E-Payments of duty and taxes.