Dar directs BoI to formulate long term investment plan


Minister for Finance Mohammad Ishaq Dar on Wednesday directed the Board of Investment (BoI) to formulate a long term investment plan focusing on sectors which had potential to absorb maximum investments and create more job opportunities in the country.
The minister held a meeting with BoI Chairman Miftah Ismail and Special Adviser to Prime Minister on Revenue, Haroon Akhtar Khan, to review the measures to attract Foreign Direct Investment (FDI) and improve local investment in the country.
He asked BoI to take input from the private sector to make the plan more inclusive and beneficial. The plan, later, would be presented to the prime minister for further consideration.
The minister said the present government, since its inception, had promoted policies that could facilitate the investment both foreign and local in the country.
We had worked on improving the transparency in operations and taken measures to build the image of the country in the World at large; now our approach should be to reap the benefits of the changed perceptions, he added.
Miftah Ismail briefed the minister on the current situation of the foreign direct investment in the country and steps being taken to make the country more attractive destination for investors both foreign and local.
He said as the country had been making progress on the economic front, there was a need to put in place measures to ensure an enabling environment by enhancing the ease of doing business in the country.
The meeting also discussed measures to boost the exports of the country.