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Non-availability of ideal infrastructure main hurdle in attracting FDI: Suleri


5/16/2017

Staff Reporter

Islamabad
 
Abid Suleri, Executive Director, Sustainable Development Policy Institute visited BOI on the invitation of the Secretary, BOI Azher Ali Choudhry to give detailed presentation/meeting on CPEC to the officers of BOI for updated information. The Secretary, BOI Chair the presentation/ meeting.
 
Abid Suleri, highlighted the investment policy and incentives available in Pakistan and also shared his experience and future plans in energy sector development in Pakistan. He also emphasized the projects, which needs to be low electricity consumption.
 
Dr. Suleri also informed that non-availability of ideal infrastructure facilities like Roads/Rail/Fiber optic, which is the main hurdle in attracting FDI in Pakistan. Dr. Suleri specifically discussed the project in CPEC with regard to energy, roads, Gwadar ports, railways, fiber optic and transportation system etc. He further informed regarding One Belt-One Road, which will connect 64 countries of Middle East and Central Asia, which contributes 55% of the global DGP. Dr. Suleri emphasized on the framing a set of complimentary reforms, including streamlining of tax and tariffs regime, trade facilitation, i.e. increasing the transparency of trade regulations, simplifying, standardizing, and modernizing import, export, and custom’s procedures, and improving the conditions for transit. He further added that the major 9 elements of CPEC re-grouped into 3 elements.
 
He also discussed the CPEC Framework in detail in the context of Energy Cooperation, Infrastructure Development, Gwadar Port and Industrial Cooperation (Investment & Industrial Cooperation, Gwadar Free Zone and other industrial parks to be finalized).