ISLAMABAD: The Turkmen investors have shown their keen interest to invest in several Pakistani sectors including medicine, pharmaceutical, marble, sports and agriculture, said Ambassador of Turkmenistan to Pakistan Atadjan Movlamov.
Atadjan Movlamov stated this during his visit to Board of Investment where he met State Minister of State/BOI Chairman Dr Miftah Ismail and Secretary Iftikhar Babar and discussed the preparations about the proposed one day visit of Turkmenistan president along with his business delegation and to organise a business forum on the sideline of the president’s visit.
Dr Miftah informed the Turkmanistan ambassador that laws of investment have been tailored to safeguard and ensure protection of investments in Pakistan. He said that the foreign investment is fully protected under the Foreign Private Investment (Promotion and Protection) Act, 1976 and Reforms Protection Act 1992.
The BOI secretary highlighted the investment opportunities available in Pakistan like repatriation of 100 percent profit, dividend and franchise fee is allowed and all sector of the economy are opened to investor.
He said that the LPG import from Turkmenistan is also one of the potential areas for development of trade and investment in Pakistan adding that the investment is also fully protected as per laws.
BOI Chairman Dr Miftah Ismail informed the Turkmenistan ambassador that Board of Investment is planning to invite the business delegation to BOI for proper presentations with highlighting the investment opportunities available in Pakistan specifically in the areas of their interest like pharmaceutical, medicine, mines and mineral, marble, agriculture and sports goods etc. He said that the BOI would also arrange meetings of the delegation with all the concerned quarters.
