BOI Committed To Provide Ease Of Doing Business In SEZs
Sumaira FH Published August 28, 2017 | 06:35 PM
The Board of Investment (BOI) is prioritzing to provide ease of doing business for enhancing the industrial cooperation with foreign countries in Special Economic Zones (SEZs)
ISLAMABAD, (UrduPoint / Pakistan Point News - 28th Aug, 2017 ) : The board of Investment (BOI) is prioritzing to provide ease of doing business for enhancing the industrial cooperation with foreign countries in Special Economic Zones (SEZs).
"We are committed for smart regulation, simplified procedure and competitive costs in consultation with ministry of finance and related institutions for providing facilities in SEZs" a Spokesman of Board of Investment (BOI) Shah Jahan told APP here on Monday.
BOI is working on reform agenda for smart regulation for providing conducive environment for investors in the country, he said. He said that through these reforms, industrialization would promote and maintain trade balance in the country, BOI Spokesman said.
After the business activities in SEZs, employment opportunities and export to foreign countries would be increased,he said. He suggested Pakistani investors should go for joint venture with foreign investors to learn the international best practices of managerial skills and technology.
He said that Special Economic Zones would lead to create employment opportunities and development in the area.
Replying to a question he said National Industrial Parks (NIP) a development and a management company would develop the planned Special Economic Zone (SEZ) in Islamabad.
He said that around 50 acre land required to develop Special Economic Zones (SEZ) in the Federal capital for providing equal opportunity and facilities to foreign and local investors. The government has identified 46 economic zones through out the country in different regions including seven approved zones, he said.
He said, "We are committed to facilitate the foreign investors in Special Economic Zones (SEZs)." 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, Sindh and one in Khyber Pakhtunkhwa, he added. He said the SEZ Cell had been furnished on the contemporary corporate style and would be equipped with state-of-art facilities.
Related Topics
Recent Stories
Digital transformation key priority for govt to improve tax collection: Aurangze ..
President-designate of COP29 for collective efforts to deal with climate change ..
Punjab Assembly Speaker suspends 27 members
World Migratory Bird Day being observed today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 11 May 2024
Today Gold Rate in Pakistan 11 May 2024
Taxing cigarettes a way forward for public and economic health
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
More Stories From Business
-
Digital transformation key priority for govt to improve tax collection: Aurangzeb
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 11 May 2024
5 hours ago -
Today Gold Rate in Pakistan 11 May 2024
5 hours ago -
Taxing cigarettes a way forward for public and economic health
6 hours ago -
Mongolian envoy for boosting bilateral economic ties
17 hours ago -
SBP provides practicable foundation for elimination of Riba: chief manager
18 hours ago
-
Rupee gains 08 paisa against US dollar
18 hours ago -
Pakistan, Korea sign Aide-Mémoire for Enhanced Development Cooperation 2024-2026
18 hours ago -
European stock markets hit record highs on rate cut hopes
18 hours ago -
Steps being taken for uplift of industries, socioeconomic conditions: SACM
18 hours ago -
Meezan Bank, Roche Pakistan join forces to combat breast cancer
19 hours ago -
Salim calls for utilizing Turkish expertise in PIA's privatization
20 hours ago