The Punjab Board of Investment and Trade (PBIT) has taken the decision of helping the Balochistan Board of Investment and Trade (BBoIT) to set up the commercial courts in the southwestern province alongside surging the investments.
As per the shared reports, in this regard, the BBoIT Chief Executive Officer (CEO) Farmanullah Zirkun and BBoIT Policy Engagement Officer (PEO) Hamza Storiani visited PBIT here on Thursday to hold detailed discussions with PBIT Acting Chief Operating Officer (COO) Jalal Hassan on inter-provincial cooperation, departmental affiliation.
Hassan informed the visiting delegation that upon BBOIT’s initial request for information on commercial courts, PBIT was making concerted efforts to bring all related stakeholders in Punjab together.
“In this context, PBIT’s team had already conducted preliminary meetings in Research Wing Lahore High Court (LHC) and Programme Implementation Unit (PIU), Planning & Development, Department, Punjab with very encouraging results,” he added.
It was concluded that a proposal shall be forwarded by PBIT requesting notification of a Joint Working Group (JWG) with representation from PIU, PBIT and LHC to assist Balochistan’s team via senior stakeholders in replicating Commercial Courts in their province.
However, the main TORs of the Joint Working Group shall include information sharing/ advice along with the training and development of personnel from Balochistan with the support of stakeholders in Punjab.
Both sides also discussed a suggestion to organize a diplomatic evening in Islamabad to showcase investment opportunities in Pakistan and to sign an MOU on institutional collaboration.