The Balochistan Board of Investment and Trade (BBoIT) formulated an investment policy for the first time with the assistance of the European Union.
The draft of the policy has been finalised but the board will hold a consultation session on December 9 in which stakeholders will be invited to suggest amendments in the policy in order to make the draft effective before its approval and implementation.
The meeting will be held in accordance with the guidelines of the European Union programme and it will be attended by representatives of federal and provincial departments, chambers of commerce, legal experts and other stakeholders.
The BBoIT chief termed the policy a revolutionary step, saying Balochistan was the first province to introduce its own investment policy. “The implementation of the policy will pave way for foreign investment in the province and remove barriers to investment and business,” he added.
The investment policy is crucial for the development and prosperity of the province through which trade and economic activities will flourish.
Published in The Express Tribune, December 6th, 2020.
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