ISLAMABAD, Jun 18 (APP):Federal Minister for the Board of Investment (BOI),Qaiser Ahmed Sheikh Pakistan stressed the need for enabling and secure environment for investors to enhance the Foreign Direct Investment (BOI).
While addressing the “National Regulatory Reforms Conference” held in Islamabad, Federal Minister for the Board of Investment, Qaiser Ahmed Sheikh, emphasized that the government is fully aware of the challenges faced by the private sector and is taking concrete measures to resolve them, said a release issued here on Wednesday.
The Minister stated that removing barriers to investment and restoring investor confidence is essential for sustainable development.
The conference was attended by several distinguished figures, including Federal Minister Qaiser Ahmed Sheikh, Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar, Prime Minister’s Coordinator, Rana Ehsan Afzal, Additional Secretary BOI Ms. Ambreen Iftikhar, along with other senior government officials and private sector representatives. Citing the example of China, Sheikh noted that in 1972, Chinese industrialists used to visit Pakistan to learn, but today, through serious reforms, China has become one of the world’s leading economies.
He stressed that Pakistan must adopt a similar reform-oriented approach and long-term strategy.
Praising the role of the Special Investment Facilitation Council (SIFC), the minister said that greater involvement of the private sector and promotion of joint ventures can significantly boost economic activity in the country.
He also underscored the need for effective diplomatic and economic strategies to attract global investors.
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar, in his address, remarked that regulatory reforms and national development are deeply interconnected.
He noted that reforms are essential for improved governance and that the government is actively pursuing an agenda of sustainable economic reforms.
Highlighting the reduction in the interest rate from 22% to 11%, he termed it a positive development that is helping rebuild investor confidence.
He further emphasized that all relevant stakeholders are being consulted throughout the reform process.
Prime Minister’s Coordinator on Economic Affairs, Rana Ehsan Afzal, stated that the government is taking effective steps to stabilize the economy and enhance exports.
According to him, Pakistan is moving toward progress, and the goal of economic self-reliance can be achieved through sustainable reforms. He added that the tax system is being restructured and broadened to bring more sectors into the documented economy.
