Observer Report
Rawalpindi
Chairman Punjab Board of Investment Sardar Tanveer Ilyas Khan addressing the 32nd meeting of the Board of Directors has said that “ the rate of increase of Coronavirus cases in the country was timely arrested and drastically reduced, because of some sensible and judicious policy decisions taken by Prime Minister Imran Khan, and the leadership qualities shown by the Chief Minister of Punjab, Usman Buzdar in implementing those decisions.”
Talking to the members of the Punjab Investment Board, Sardar Ilyas pointed out that the Corona Pandemic has severely hurt industries around the world. Industry in Pakistan also suffered badly because of this pandemic. However, some highly prudent and timely policy decisions taken by the government has saved our economy from getting severely hurt. Now, he said, that the economy has started showing signs of improvement.
Sardar Tanveer Ilyas Khan expressed hope that the pandemic will end very soon, and with that the investment climate will also change. He said that we will soon see a significant and sharp increase in the investment climate in Punjab.
Chairman Investment Board also said that there is an urgent need to make the investment process far more friendly for the business community, for which we must reduce the role of regulators. Keeping that in mind the Punjab Investment Board has decided to set up “facilitation centers” in the province so that the business community could get all the assistance they need, under one roof.
Sardar Tanveer said that the Chief Minister Buzdar attaches great importance to the role the business community plays and therefore, to facilitate them, he has directed his administration to ensure all help and assistance they need.
In the meeting of the Investment Board, the President of the Faisalabad Chamber of Commerce Rana Sikander requested for setting up of a ‘Facilitation Center’ in Faisalabad. The Chairman and members of the Board agreed to give approval for the Center. President of the Faisalabad Chamber also said that he will pay for all the expenditures of this Center.
Chairman of the Board Sardar Tanveer Ilyas Khan reiterated that the present investment climate of the country is a proof that the timely, sensible and judicious policies of the Prime Minister has at last worked, as the economy did not go into a recession as widely feared. The province of Punjab has not only been successful in attracting new investment it has also succeeded in keeping this pace of investment alive.
Chairman Planning & Development Hamid Yaqub, Chief Executive Jehanzeb Berana, Chaudhary Waseem Akhter Vice Chairman Oversees Pakistani Commission. Seema Aziz, Suhail Altaf, Ahsan Rashid, Rafia Syed Additional Secretary Industry, President Chamber of Commerce Faisalabad Rana Sikander Azam, Suhail Salim Director Facilitation Suhail Qadir also attended the meeting of the Punjab Board of Investment.
