our correspondent
Islamabad
Foreign investors should take benefit of the Pakistan’s business friendly policies , cheap raw material , skilled labor, network of integrated communication ways and above all geo -strategic location of the country .
This was said by Secretary Board of Investment during a briefing on overall business and investment climate in the country to a delegation of Czech-Pakistan Inter-Parliamentary Friendship Group on Tuesday. The delegation was led by Daniel Pawlas, Member of the Chamber of Deputies in Czech Parliament and Chairman of the Friendship Group. The purpose of the briefing was to apprise the visiting delegates on the special incentives offered to foreign investors, in general, as well as under specific laws and sectors.
Secretary BOI explained the overall macro-economic indicators of the country, as well as the policies and reforms of the government to move towards stabilization of economy. While elaborating upon the policy of the Government for FDI, Secretary BOI stated that Pakistan has competitive advantage for investment in sectors like Automobiles, Food Processing, Information Technology, Logistics, Value-Added Textiles and Tourism, which have been termed as the priority sectors. He urged the Czech delegates to look at the studies conducted by BOI in these sectors and share the information with Czech businesses to develop their interest in Pakistan’s market.
During the meeting, a lot of interest was shown by the delegation, particularly by Daniel Pawlas, in the incentives under Special Economic Zones. The delegation was given a detailed briefing and it was explained that the SEZs are open for investors alike, without any differentiation among the local and foreign investors, or investors from different countries. The questions and concerns from the delegates about labor laws and land ownership were also addressed by the BOI team, while stressing the fact that Pakistan offers one of the most liberal investment policies in the world.
