Deal signed to improve investment climate
Focus will be on area around Port Qasim.
ISLAMABAD:
Japan International Cooperation Agency (JICA) and Board of Investment (BOI) on Friday signed an agreement to conduct a joint survey to improve the investment climate in Karachi.
The agreement was signed by JICA Chief Representative Takatoshi Nishikata and Minister of State and BOI Chairman Saleem Mandviwalla.
The survey will focus on industrial area around Port Qasim by identifying bottlenecks in attracting investment and propose action plans for solution. It will cover administrative regulations, permissions and authorisation on corporate activities.
The scope of the survey will also extend to industrial infrastructure projects, especially in transportation and power sectors. It is expected to open opportunities for foreign investors including Japanese to invest in the Pakistan market.
JICA Investment Climate Improvement Adviser Masao Nagase is working with BOI by suggesting ways to improve the investment climate in Pakistan. Under the initiative of the advisor and with BOI’s cooperation, Japanese investors have submitted a ‘Problem-Analysis and Solution Action’ to BOI, covering requests from Japanese investors.
A team of experts will visit Pakistan by the end of this year and JICA intends to send Pakistani officials, working in BOI, on training to Japan for capacity building and to enhance their horizon on improving the investment climate in Pakistan.
Published in The Express Tribune, October 15th, 2011.
Japan International Cooperation Agency (JICA) and Board of Investment (BOI) on Friday signed an agreement to conduct a joint survey to improve the investment climate in Karachi.
The agreement was signed by JICA Chief Representative Takatoshi Nishikata and Minister of State and BOI Chairman Saleem Mandviwalla.
The survey will focus on industrial area around Port Qasim by identifying bottlenecks in attracting investment and propose action plans for solution. It will cover administrative regulations, permissions and authorisation on corporate activities.
The scope of the survey will also extend to industrial infrastructure projects, especially in transportation and power sectors. It is expected to open opportunities for foreign investors including Japanese to invest in the Pakistan market.
JICA Investment Climate Improvement Adviser Masao Nagase is working with BOI by suggesting ways to improve the investment climate in Pakistan. Under the initiative of the advisor and with BOI’s cooperation, Japanese investors have submitted a ‘Problem-Analysis and Solution Action’ to BOI, covering requests from Japanese investors.
A team of experts will visit Pakistan by the end of this year and JICA intends to send Pakistani officials, working in BOI, on training to Japan for capacity building and to enhance their horizon on improving the investment climate in Pakistan.
Published in The Express Tribune, October 15th, 2011.