ICCI: Govt asked to take steps to boost FDI inflows

ICCI president urges government to review investment policy

ISLAMABAD:

The Islamabad Chamber of Commerce & Industry (ICCI) while expressing concern over falling trends of foreign direct invest has asked the government to urgent steps to improve inflows.

ICCI President Muzzamil Hussain Sabri many sectors in Pakistan including energy, infrastructure development, agriculture and others offer huge investment opportunities, but the government has failed evolve a better strategy to attract potential investors due to which the FDI was diverting to regional countries.

He said that poor governance, energy crisis, political insatiability, security issues, inconsistent policies and complicated business registration processes were some of the major factors that were contributing to low FDI inflows.

Sabri urged the government to review the investment policy while taking the stakeholders including the business community in the loop to encourage higher local and foreign investment in the country.

Published in The Express Tribune, October 19^th, 2014.