BOI Briefs UN Forum On Facilities Offers For Foreign Investors
Umer Jamshaid Published April 15, 2021 | 02:24 PM
The Board of Investment (BOI) has briefed the United National economic and investment forum about Pakistan's investment regime and facilitation
ISLAMABAD, (UrduPoint / Pakistan Point News - 15th Apr, 2021 ) :The board of Investment (BOI) has briefed the United National economic and investment forum about Pakistan's investment regime and facilitation.
It also apprised the forum about wide range of services provided by the government to international and domestic investors including support with work visa and opening of branch/liaison offices in the country.
Federal Secretary of BOI, Fareena Mazhar informed that BOI has a repository of over US $14 billion SDG aligned projects in the sector of transport and communication, energy including renewable energy, water supply and sanitation, education, health care and information technology, said a press release issued by BOI here.
These projects would not only contribute to SDGs but will also support local employment generation and economic growth.
The Secretary BOI presented Pakistan's Investment Strategy and Sustainable Development Goals (SDGs) Projects at SDG Investment Fair 2021.
Board of Investment in collaboration with Ministry of Foreign Affairs and United Nation Development Program (UNDP) participated in SDG Investment Fair 2021 organized by the United Nations Department of Economic and Social Affairs.
The two-day virtual event from 13-14 April 2021, provided four developing countries the opportunity to present their investment ready projects to international global investors and fund managers.
Secretary BOI, Ms. Fareena Mazhar represented Pakistan on the global forum.
While highlighting the facilitation for investors under the ongoing reform drives namely Pakistan Regulatory Modernization Initiative (PRMI) and Ease of Doing business (EODB), she stated that a company can now be registered in 24 hours and Pakistan is now offering online e- visa facility to more than 174 countries.
She further added that Pakistan has recently launched Single Window Company as part of compliance with trade facilitation agreement of the World Trade Organization (WHO) which links over 60 government departments for acquiring necessary certifications online.
She added that this would facilitate speedy disposal of import and export transactions.
Pakistan's tax and incentive regime was also part of the presentation where in Secretary BOI shared that the government is offering special incentives for projects related to technology, clean energy and social sector including housing and construction.
Fareena mentioned that Pakistan's financial regulatory structure was robust and facilitates priority sector investments through flexible support.
She said the investors were presented 8 SDG selected projects with high potential to attract Foreign Direct Investment (FDI).
The projects were from varied sectors including infrastructure, hydro power, medical devices development center, silicon solar PV panels fabrication, production of agriculture drones and smart farms, university technology parks and IT incubation centers across Pakistan, she said.
With a strong and developed supporting regulation for debt instruments, scrutinization of cash flows and capability of financial institutions to offer technical support to global financiers, Pakistan presents a secure and low risk investment environment.
The forum presented both Pakistan and impact investors with an opportunity to ascertain areas of mutual interest.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
50 minutes ago -
Today Gold Rate in Pakistan 25 April 2024
1 hour ago -
Meta profits soar but costs of AI cause worry
2 hours ago -
Mired in crisis, Boeing reports another loss
10 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
11 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
11 hours ago
-
European stocks lose momentum after global rally
11 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
12 hours ago -
CEO KP-EZDMC meets CRBC officials
12 hours ago -
Pakistan among nine poor countries that produces 90 percent cigarettes for world
13 hours ago -
Chief Minister Gilgit Baltistan Haji Gulbar Khan calls on Minister for Privatisation
13 hours ago -
Germany nudges up growth forecast, ailing economy at 'turning point'
13 hours ago