The Board of Investment has announced that
the government will hold a road show in China and Germany along with world’s big economies to promote foreign direct investment in Pakistan.
This show will be held in the coming few months with the collaboration of All Pakistan Textile Mills Association (APTMA) and the chambers of industries. The spokesman of BOI Shah Jahan said that through a proactive approach the FDI target of $15 billion will be achieved by 2025. He also said that Pakistan’s FDI has already increased by 12.4 percent in the third quarter since the start of the current fiscal year.
BOI said that automobile sector is expected to bring huge FDI from different groups. According to the spokesman foreign investors have also shown keen interest in investing in Pakistan. He also informed that BOI had digitized visa process for foreign investors to further facilitate the process. The duration of visa process has been reduced from six months to a couple of weeks.
He said that special economic zones have been approved for facilitating the investors through one window operation.
Three zones will be established in Sindh and Punjab each and one in KPK.
Nine more industrial zones have been approved for high tech industry to promote export and employment opportunities in the country.