BoI Invites Foreign Investors In Energy, Auto Sectors
Sumaira FH 6 months ago Tue 11th September 2018 | 10:58 PM
The Board of Investment (BoI) has invited investors from Japan and Germany in energy, auto and other sectors of Pakistan to benefit from attractive incentives offered by the country.
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Sep, 2018 ) :The board of Investment (BoI) has invited investors from Japan and Germany in energy, auto and other sectors of Pakistan to benefit from attractive incentives offered by the country.
In a meeting with investors from Germany and Japan, the BoI identified energy, solar panels, electronics, automobile, textile, chemicals and plastics sectors with investment potential, a senior official from BoI told APP here Tuesday.
The official said that huge foreign investment in the automobile sector would be expected from different groups because of the prudent policies of the government. "Through Incentive measures and facilitation including one window operation and special economic zones companies from these countries will find Pakistan a hospitable investment destination," he said.
"Foreign investment in Pakistan is protected by rigorous laws and Foreign Direct Investment (FDI) regulations allow full repatriation of capital and profits in almost all cases, he said adding that BoI is committed to promote Pakistan as an investment destination and to facilitate the investor to resolve their problems.
He said Investment promotion consists of two core elements, image building and investment generation.
Replying to a question, he said through a pro-active approach, we are mainly focusing to achieve the Foreign Direct Investment (FDI) target of $15 billion by 2025. He said the government would hold road shows in China, Germany and all big economies in the coming few months to increase Pakistan's FDI. The BoI is committed for image building to promote the country as an investment destination and facilitate investor to resolve their problems, he expressed.