Punjab Board of Investment organises first Investment Promotion Seminar in Pakistan

LAHORE: On the invitation of Punjab Board of Investment and Trade (PBIT), world renowned expert on investment promotion, Carlos Bronzatto spoke at a seminar Investment Promotion 101. Carlos Bronzatto is visiting Pakistan in the capacity of the Chief Executive of the World Association of Investment Promotion Agencies (WAIPA).

Chief Executive Officer, PBIT Saadat Muzaffar, welcomed the high level participants from government and the private sector and said that despite the global economic slowdown, Pakistan is poised to make an economic recovery. He said that Pakistan’s exports are projected at an estimate of 24 billion, highest figure so far. Moreover, the remittances in Pakistan are expected to touch USD 11 billion this year and growth rate is estimated at 4.1%. He also said that Carlos Bronzatto’s visit signalled a very positive sign from the international community to support Pakistan’s aim to increase FDI in the country.

Chief Executive WAIPA Carlos Bronzatto, delivered a comprehensive way forward for Pakistan to promote its investment opportunities. During that session he provided insight about investment evolution, core functions and key concept. He particularly talked about the use of information intelligence to influence investment decisions, incentives for long-term development, the targeting of investors and the integration of large global corporations with local stakeholders and communities.

Punjab Board of Investment and Trade is a strategic member of the steering committee of WAIPA and represents South Asia in this committee. PBIT is the first Investment Promotion Agency from Pakistan to be a part of this international organization. WAIPA was created in 1995. It was established as an Association under Swiss law. WAIPA Members include 244 national and sub- national agencies from 162 different countries. Through its wide range of activities, WAIPA provides the opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion.

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