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BoI to hold FDI roadshows


ISLAMABAD: The Board of Investment (BoI) on Monday said the government will hold roadshows in China, Singapore and Gulf countries in the coming months with the aim to increase Pakistan’s foreign direct investment (FDI).

BoI will hold the shows in collaboration with chambers of industries and All Pakistan Textile Mills Association (Aptma) to focus on textile and steel industries, said BoI spokesman Shah Jahan.
He said that through a proactive approach, “We have been focusing mainly on achieving the FDI target of $15 billion by 2025,” adding that Pakistan’s FDI increased by 12.4 per cent in the third quarter (i.e. January to March) of the current fiscal year.
He said, “BoI had digitalised the visa process for foreign investors and now they can apply online for business visas from anywhere and get a quick response as the processing time has been reduced from six months to a few weeks, subject to verification from different agencies.”
Special economic zone cells have been approved for helping investors through a one window operation to provide them all the facilities in one place.
Source: Dawn