Govt urged to offer incentives for FDI

There is a dire need for chalking out a comprehensive plan to support foreign investment in the country

ISLAMABAD: The South Asian Association for Regional Cooperation (Saarc) Chamber of Commerce and Industry (CCI) has urged the incoming Pakistan Tehreek-e-Insaf (PTI) government to offer incentive packages to attract foreign direct investment (FDI). In a statement, Saarc CCI Senior Vice President Iftikhar Ali Malik said that under Imran Khan, the long-term FDI can be channeled towards manufacturing and infrastructure sectors for supporting the increase in employment and economic growth. He said there is the dire need for chalking out a comprehensive plan to support foreign investment in the country and provide all facilities through one-window operations by terminating red-tapism and extra legal constraints, which hampers foreign investment procedure. As the country moves towards a smooth transition of power at the centre and in the provinces, Malik said foreign portfolio investment will increase in the country’s stock market.