ISLAMABAD: The Board of Investment (BOI) has said the government would hold road-shows in Germany,China and United Arab Emirates (UAE) including all big economies in coming few months for increasing Pakistan’s Foreign Direct Investment. Through new work plan, BOI would hold road shows with the collaboration of chambers of industries and All Pakistan Textile Mills Association (APTMA) for focusing on textile and steel industry, said a Spokesman of Board of Investment (BOI) Shah Jahan.
He said that through pro-active approach,”We have mainly focussing to achieve the FDI target of US$ 15 billion by 2025”. The Board of Investment (BOI) said that huge foreign investment in automobile sector would be expected from different groups because of the prudent policies of the government.
The spokesman said the government is committed to facilitate ease of doing business for foreign investors and also global competitiveness for Multinational Companies (MNCs).
He said that BOI had digitalized visa process for foreign investors and now the investors could apply online for business visa from anywhere and there would be responded in very short period of time.
Spokesman of BOI said, “We have also transformed the liaison and branch office from manual to online to facilitate the investors”. He informed that Pakistan was in top 10 countries in world for improving in investment laws and providing facilities for doing business to foreign investors.
Shah Jhan said that seven Special Economic Zone (SEZ) cells had been approved for facilitating the investors through one window operation to provide them facility at one place.
The spokesman said that SEZs investors would get the facility for plant and machinery import without customs duty in all four provinces of the country.
Three each SEZs would be established in Punjab and Sindh and one in Khyber Paktunkwa, he added. Replying to a question, he said that nine more industrial zone had been approved for high tech industry to enhance the export and employment opportunities in the country.