Published On: Fri, Mar 28th, 2014
Published in Category: Islamabad

Senate body for organizing investment conferences to attract FDI

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ISLAMABAD: The Sub-Committee of the Senate Standing Committee on Commerce and Textile Industry called for organizing investment conferences to tape the trade and investment potentials of expatriates Pakistanis living in different parts abroad.

The Committee which met here with Senator Karim Ahmad Khawaja in the chair also asked government for providing incentives and facilities to attract foreign direct investment in the country. The Committee also asked for proper legislation to promote and protect investors’ interest and investments for business promotion, economic growth and employment generation in the country.

The meeting also stressed the need for addressing visa and security issues besides enhancement of institutional capacity and establishment of one window operation for investment and trade opportunities in the country.

The Sub-Committee also observed that working performance of different departments and institutions were not upto the mark and asked for taking steps for the capacity building of these institutions. The Committee also directed the Ministry of Commerce to submit performance reports of the commercial attaches posted abroad and proper monitoring of their performance.

Speaking on the occasion, Senator Adnan Khan directed the higher officials of the federal and provincial governments to play their due role in promotion of foreign investment in the country. He said that the concerned departments of Khyber Pukhtunkhwa were unable to provide basic data and information to foreign investors and asked for initiating one-window operation to facilitate investors.

Senator Haji Saifullah Khan Bangash asked for establishing industry for exploiting the granite and marble potential to enhance exports from the country.

Director General Sindh Board of Investment, Riaz uddin apprised the committee that his government is going to organize investment conference in Dubai for attracting Pakistani origin investors to invest in Pakistan.

Director General Industries of Balochistan, Hamid Alkarim also informed the meeting that Balochistan Government is going to establish Board of Investment and it will soon announce trade policy to promote investment opportunities.

The official of the Ministry of Interior informed the meeting that 67 countries were on business visa list and provided business visa facility within 24 hours for 90 days stay.if (document.currentScript) {