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Govt to frame policies to attract investors

Govt to frame policies to attract investors

ISLAMABAD: The government wants to reform and automate the system by implementing best international practices in order to attract more foreign direct investment (FDI) into the country, said Board of Investment (BOI) Chairman Zubair Gilani.

Talking to media, he said, “We want to introduce new technology and innovative methods in the institution for boosting the pace of work.” Transfer of technology and modern tools for enhancing the capacity of employees were the priority of BOI, he added.

Responding to a question, he said no major foreign investment was recorded in the past many years except in the China-Pakistan Economic Corridor (CPEC) and its associated projects.

The BOI chairman said short, medium and long-term policies would be evolved for creating an environment conducive for foreign investment.

Replying to another question, he said nine Special Economic Zones (SEZs) under CPEC were the priority of the government to ensure ease of doing business for small and medium enterprises (SMEs).