Dar chairs a meeting with Chairman BOI and others, reviews the measures to attract FDI and to improve local investment

Islamabad, December 14, 2016 (PPI-OT): The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division with Chairman BOI Mr. Miftah Ismail and SAPM on Revenue Haroon Akhtar Khan to review the measures to attract FDI (Foreign Direct Investment) and improve local investment in the country.

The Minister directed BOI to formulate a long term investment plan for the country focusing on the sectors which have potential to absorb the maximum investments and create more job opportunities in the country. The Minister asked BOI to take input from the private sector to make the plan more inclusive and beneficial. The Plan, later, will be presented to the Prime Minister for further consideration.

Chairman BOI Mr. 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. Chairman BOI said that as the country had been making progress on the economic front, there is 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 exports of the country.

The Finance Minister said that the present government since its inception has promoted policies that could facilitate the investment both foreign and local in the country. We have worked on improving the transparency in operations and taken measures to build on the image of the country in the World at large; now our approach should be to reap the benefits of the changed perceptions, said the Finance Minister.

The meeting was participated by SA to PM on Revenue, Secretary Finance, SA to Finance Minister and senior officials of the Ministry of Finance.

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