ISLAMABAD: Minister of State and Chairman Board of Investment (BoI), Dr. Miftah Ismail here on Monday reaffirmed that the government’s commitment for extending all possible facilities to foreign investors to encourage and attract direct investment for the prosperity of the country.
Addressing the first ‘Pak-Belarus Business Forum’ organized by BoI, he said that the event would help to explore trade and investment opportunities existing between both the countries.
Besides the other objectives the forum was held to finalize the areas of cooperation in different sector of economies as well as cementing the existing trade relation before the first ever official visit of President of Belaurs who would arrive here on Tuesday.
Chairman BoI reiterated the government’s resolve for enhancing the bilateral trade which was currently stood at US$ 30 million per annum by motivating the businessmen of both the countries.
He informed the delegates that Pakistan was blessed with natural resources with second largest middle class population which was offering opportunities for investment in different sectors of national economy to tackle the increasing demand.
Every sector of the national economy was open for investment including energy generation, infrastructure development, fruit processing, textile, spinning, mining, oil and gas.
Recently, he said that Pakistan had signed memoranda of understanding for multi billion dollars projects under China-Pakistan Economic Corridor (CPEC) in different sectors of national economy including power generation, infrastructure development and trade promotion.
He further said that Pakistan was only country which was offering safe and secure investment opportunities with 100 percent ownership and special incentives for establishment of business.
The government has established special economic zones (SEZs) across the country and announced special tax incentives for the import of machinery for setting up industry, he added.
He called upon the Belarusian investors to take the advantage of these lucrative investment opportunities and establish their own economic zone in these SEZs as many of the countries has already established their zones for setting up their business.
