LAHORE: The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) have offered foreign investors and businessmen a conducive and favorable atmosphere for conducting business in Punjab.
On the occasion of the second day of International Seminar on Business Opportunities in Punjab, the FBR and the SBP authorities told the investors that the government will help and facilitate foreign investors in accordance with the law.
On the other hand, the SBP authorities concerned guided the investors that financial sector in Pakistan was opened for private sector both for local and international investment as part of federal government police of deregulation and privatization of finical sector.
It said that till the end of the year 1994, a good number of commercial banks and NBFCs were given authorities to commence business.
FBR authorities said that the investors will be treated fairly and equitably, paying then due respect, extending all possible help and assistance, besides handling their tax affairs personally and impartially and ensuring uniform interpretation and application of law in letter and spirit .
A large number of international businessmen especially Chinese and Turkish participated the seminar and had B to B meetings with the Pakistan counterparts. Punjab CM Mian Shahbaz Sharif and Governor Muhammad Rafique Rajwan ensured the forging investors all possible support and assistance.
On the side line of the seminar Punjab Investment Board chairman Abdul Basit said that the seminar will prove a stepping stone in bringing in huge foreign investment in the province. He added that the investors will be extended all possible reliefs in taxation and facilitated by the banking channels in the province.
“We stand a chance of giving boost to the business activities by welcoming the foreign investors in the province and the country as well”, Abdul Basit added.
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