WEF assures its support for implementation of Pakistan’s development agenda

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ISLAMABAD, Jul 11 (APP):The World Economic Forum (WEF) assured its support for the implementation of Pakistan’s development agenda and provides required technical support.

The Word Economic Forum (WEF) President, Borge Brende called on Adviser to Prime Minister on Commerce, Industries and Production and Investment, Abdul Razak Dawood to discuss areas of mutual interest relating to trade and investments in Pakistan, said in press release issued by Ministry of Finance here on Thursday.

The adviser to PM, Razak Dawood emphasized that Pakistan has taken a strategic decision to increase share of renewable in the country’s energy mix which offers massive investment opportunities to investors. The current government was focusing on providing affordable energy especially for industry.

Further, he apprised that Special Economic Zones (SEZs) provide incentives to investors by allowing duty free import of machinery besides tax holidays for ten years and urged the companies to make investment in these zones to get better returns on their investments.Moreover, Pakistan has launched a program named Regulatory Guillotine to ease the business regulations.