Board of Investment appoints Honorary Investment Counsellor to attract business in Iraq

ISLAMABAD: Chairman Board of Investment (BOI), Saleem H. Mandviwalla, has appointed Syed Hassan Hadi as Honorary Investment Counsellor (HIC) for the country in Iraq.

He said that HIC will be responsible to attract investment through initiating, supporting, and developing a wide variety of sizeable, ambitious, quality projects in Iraq.

On the appointment of Syed Hassan Hadi, Chairman Board of Investment Saleem H. Mandviwalla said that the HIC will support Pakistani companies to set-up their businesses in Iraq through a comprehensive value-added offering that facilitates their move to the region. HIC would also be responsible to attract investment funds to Pakistan and to assist companies to establish public-private partnerships.

While addressing a ceremony Mandviwalla said that Iraq has changed, as normal life begins and economic activity are being revived. Demand for all types of goods and services are growing fast. He said the focus is on reconstruction as the government is going to rebuild basic infrastructure like water, power, transport infrastructure and provision of other utilities for residential housing.

At the same time, the government is investing in the essential economic infrastructure; including oil fields and the mid- and downstream pipeline, petrochemical, and fuel distribution sectors.

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