[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Federal Cabinet passed the legislation for the ‘Invest Pakistan’ project while also endorsing the proposals of the Board of Investment.
According to a press release, the Federal Cabinet, presided over by Prime Minister Shahbaz Sharif, passed legislation for the ‘Invest Pakistan’ project based on BOI’s recommendations.
The office of “Invest Pakistan” will be established under the BOI as a result of this legislation. According to the statement, this is a public-private partnership project, and the aforementioned law will aid in ensuring the delivery of investor-friendly services.
The BOI’s flagship project, “Invest Pakistan,” focuses on investment realisation, sustainability, and bringing the government together to address legally binding investment decision limitations.
The Securities Exchange Commission of Pakistan (SECP) will receive a new public-private partnership firm registration from BOI under the name “Invest Pakistan.”
The business will function as a joint venture between partners from the public and private sectors, combining the knowledge and resources of both groups to encourage foreign investment in the nation.
The organisation will have the responsibility of acting as an investment promotion agency, with the main goal of improving the business climate in the nation to attract foreign investment.
The effort aims to improve BOI’s capacity and functions that are either insufficient or nonexistent under the current organisational design. As these new initiatives develop and provide results, they will aid in restructuring the entire organisation to become more goal- and outcome-oriented.[/vc_column_text][/vc_column][/vc_row]
