Dar Directs BoI To Formulate Long Term Investment Plan
Fahad Shabbir (@FahadShabbir) Published December 14, 2016 | 03:50 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 14th Dec, 2016 ) : Minister for Finance Mohammad Ishaq Dar Wednesday directed the board of Investment (BoI) for formulating a long term investment plan focusing on sectors which had potential to absorb maximum investments and create more job opportunities in country.
The minister held a meeting with Chairman BoI Miftah Ismail and Special Advisor to Prime Minister on Revenue Haroon Akhtar Khan to review the measures to attract Foreign Direct Investment (FDI) and improve local investment in the country.
He asked BoI to take input from the private sector to make the plan more inclusive and beneficial. The plan, later, would be presented to the prime minister for further consideration. The minister said the present government since its inception had promoted policies that could facilitate the investment both foreign and local in the country.
We had worked on improving the transparency in operations and taken measures to build the image of the country in the World at large; now our approach should be to reap the benefits of the changed perceptions, he added.
Chairman BoI Miftah Ismail briefed the minister on the current situation of the foreign direct investment in the country and steps being taken to make the country more attractive destination for investors both foreign and local.
Chairman BoI said as the country had been making progress on the economic front, there was a need to put in place measures to ensure an enabling environment by enhancing the ease of doing business in the country. The meeting also discussed measures to boost exports of the country.
Related Topics
Recent Stories
Cricket: England v West Indies 3rd Test scoreboard
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
Finland says Russian vessel violated its territorial waters
Olympic opening ceremony under way on River Seine
West Indies' treble strike rocks England in third Test
Ukraine court orders detention of suspect in murder of nationalist ex-MP
Long queues, ticketing problems ahead of Paris opening ceremony
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
Glowing tributes mark 69th birthday of President Zardari at Governor's House
Players unaware of spying scandal as Canada Olympic coach sent home: official
Naqvi hails Pak women cricketers for going down fighting against SL
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
7 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
7 hours ago -
G20 seeks common ground on taxing super-rich
7 hours ago -
Stocks rise as inflation data boosts rate cut hopes
7 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
10 hours ago -
European medicines watchdog rejects new Alzheimer's drug
10 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
11 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
11 hours ago -
Russian central bank hikes key rate to fight inflation
11 hours ago -
SBP injects Rs9.545 trillion into market
11 hours ago -
PSX stays bearish, loses 439 points
12 hours ago -
US Fed's favored inflation measure cools further in June
12 hours ago