Fiscal incentives : BoI to promote and facilitate foreign investors

Chairmen briefs Italian minister, delegation about opportunities in the country

ISLAMABAD: Board of Investment (BoI) Chairman Dr Miftah Ismail has said that laws have been tailored to safeguard and ensure protection to foreign investments.

“Foreign investment is fully protected under the Foreign Private Investment (promotion and protection) Act, 1976 and Protection of Economic Reforms Act 1992”.

He was talking to Italy’s Foreign Affairs and International Cooperation Vice Minister Benedetto Della Vedova along with a delegation that visited the board.

The chairman informed the delegation that Pakistan was committed to providing an investment-friendly regime by offering lucrative fiscal incentives and a conducive business environment. Ismail assured them full cooperation and appreciated their proposals. He further said that the BoI was mandated for promotion and provides facilitation to foreign investors with regard to arranging their meetings with the relevant ministries, divisions and departments as and when needed.

Ismail thanked Benedetto Della Vedova with his delegation and appreciated their efforts to boost investment and economic relations between the two countries.

Vedova thanked BoI for cooperation, and the briefing regarding investment opportunities available in Pakistan.

Vedova showed keen interest in different areas of investment specifically in LPG, energy, hydro power, mining, agriculture machinery, food processing, automotive, telecommunication, oil and gas and marble sectors. 

Published in The Express Tribune, June 18^th,  2015.

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