Investor delegations from China, UAE to arrive soon

Punjab Finance Minister calls the province's investment climate better than Pakistan’s

LAHORE: Punjab Finance Minister Hashim Jawan Bakht has emphasised that investment climate in the province is better than the overall investment situation in the country and Punjab is the best province for business and investment.

In a meeting with Board of Investment (BOI) Chairman Haroon Sharif, the minister pointed out that the Punjab government had embarked on complete automation of taxation and registration of properties to make the province more attractive for investment.

Besides, the provincial government is planning to establish industrial zones despite the odds as well as undertake reforms to increase industrial and agricultural productivity.

The minister said the Punjab government was taking all-out steps to end financial crisis for which it was promoting investment and public-private partnerships. Furthermore, the province is taking steps for providing financial support to small and medium enterprises, agriculture sector, industrial units and skilled people.

He said the Pakistan Tehreek-e-Insaf (PTI) government was committed to making Pakistan’s labour market one of the best in the world in the near future as the country had one of the largest young population in the world. In this regard, new skills and vocational training programmes are being designed.

“The government will soon unveil its five-year development programme,” the minister announced. The BOI chief revealed that investor delegations from China and the UAE were coming to Pakistan in the next few weeks. He assured the minister that Punjab’s investment climate would be highlighted in meetings with foreign investors. 

Published in The Express Tribune, November 21^st, 2018.

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