BOI welcomes $20m investment

BOI is committed to supporting foreign investment and providing facilities to foreign investors says chairman


APP July 27, 2019
PHOTO: REUTERS

ISLAMABAD: Board of Investment (BOI) Chairman and State Minister for Investment Zubair Gilani on Friday welcomed the $20-million investment for the services sector of Pakistan. “BOI is committed to supporting foreign investment and providing facilities to foreign investors through the ease of doing business,” he said while meeting Donald Li, Chief Executive Officer of integrated services company - Timesaco. The minister for state vowed to provide all possible facilities to the information technology sector and said the sector had a huge potential and in future it would be the largest economic field in Pakistan. He offered full support to the foreign investment and hailed efforts of the integrated services company for introducing a new taxi service ‘Buraq’, besides five other services. On the occasion, Donald Li said the company was establishing an e-services platform in Pakistan. He said Timesaco offered five different services in Pakistan including the taxi service, instant delivery service Fema and city freight service Cargo+. Initially, these services were available in six big urban centres including Karachi, Lahore, Faisalabad, Rawalpindi, Islamabad and Peshawar, he added.

Published in The Express Tribune, July 27th, 2019.

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