Govt To Provide Incentives To Attract Investment In Industrial Sectors: Prime Minister

(@imziishan)

Govt to provide incentives to attract investment in industrial sectors: Prime Minister

Prime Minister Imran Khan on Tuesday said that with the country now on right track of economic growth, the government, in order to attract investments, would provide incentives to potential investors along with the ease of doing business

ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Sep, 2019 ) :Prime Minister Imran Khan on Tuesday said that with the country now on right track of economic growth, the government, in order to attract investments, would provide incentives to potential investors along with the ease of doing business. He was chairing a high level meeting here to review progress on incentives being offered for attracting investment in the industrial sectors and relocating units to Pakistan.

The meeting was attended by Minister for Economic Affairs Muhammad Hammad Azhar, Minister for Planning Makhdoom Khusro Bakhtiar, Minister for Power Omar Ayub Khan, Advisor on Commerce Abdul Razak Dawood, Special Assistant to PM on Information Dr. Firdous Ashiq Awan, Chairman board of Investment Syed Zubair Haider Gilani, Secretary Finance, Secretary Foreign Affairs, Secretary Planning, Member Policy Federal Board of Revenue (FBR) and senior officials.

The Prime Minister directed the Finance, Planning and Commerce Divisions and the Board of Investment to peruse successful investment models of regional countries so as to offer best facilities and incentives to the investors.

He also directed to fast-track the process of provision of utilities such as electricity, gas and road access to Special Economic Zones (SEZs) so that potential investors did not face any hindrance in investments and establishment of industries.

The meeting was briefed that SEZs in Pakistan had great potential for attracting investments particularly the Chinese companies. It was also apprised that China had expressed keen interest in various Pakistani products which would improve trade balance between the two countries. The meeting was informed that China Pakistan Economic Corridor (CPEC) remained the top-most priority of the government and infrastructure development, energy and communication sectors, had been earmarked for attracting investments.

It was further apprised that the Chinese and Russian companies had shown interest in the revival of Pakistan Steel Mills and the offers were beingevaluated.

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