The Board of Investment has teamed up with chambers of industries and All Pakistan Textile Mills Association (APTMA) to conduct roadshows in foreign countries. These countries include China, Singapore, and Gulf Countries. The aim of these shows is to increase Foreign Direct Investment in Pakistan. The industry that would be paid attention to in these shows would be steel and textile. By 2025 it is hoped that the FDI target of US$ 15 billion would be achieved.
Spokesman of Board of Investment, Mr. Shah Jahan said that in the third quarter of the fiscal year that is from January to the end of March investment has increased by 12.4 percent. He further said that due to practical policies made by the government, there is more investment anticipated in the automobile sector from different foreign groups. He emphasized on how foreign investors are willing to invest in Pakistan. The government has made it easy for business officials around the world to devote their capital in the country, through making visa processing digitalized. Business visa can now be applied online from anywhere around the world. Also, the processing for getting the visa has diminished to just a few weeks from six long months.
The spokesperson also said that Pakistan comes in the top 10 nations in which foreign investors are willing to do business. This plus the roadshows that will aware of the world about business opportunities available in Pakistan would definitely increase foreign investment in the country.
Image via: Associated Press of Pakistan