Islamabad (IINA) : Pakistan’s Board of Investment (BOI) said on Monday that the government would hold roadshows in China, Singapore and Gulf Cooperation Council (GCC) states in the coming few months to attract foreign direct investment (FDI).
Speaking to the Associated Press of Pakistan (APP), BOI spokesman Shah Jahan said, under its new work plan, the Board of Investment would hold roadshows in collaboration with chambers of industries and All Pakistan Textile Mills Association (APTMA), with the view of focusing on textile and steel industry.
The spokesman said that through pro-active approach, “we have mainly focused on achieving the target of $15 billion FDI by 2025”. He noted that Pakistan’s FDI had increased by 12.4 percent in third quarter of the current fiscal year (from January to March).
Jahan said that BOI is expecting huge foreign investments in the automobile sector due to the government’s prudent policies. He added that the government is committed to providing facilities to foreign investors and global competitiveness to the multinational corporations (MNCs).
According to the spokesman, BOI has introduced new digital visa application service to make it easier for foreign investors to apply for a business visa online from anywhere in the world and get a response within a very short period of time.
He informed that Pakistan is among the world’s top 10 countries in the improvement of investment environment and provision of facilities for foreign investors.