Azfar asks for joint investment coop between Pakistan, Ethiopia

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Minister of State and Chairman Board of Investment (BOI) Muhammad Azfar Ahsan on Tuesday said that Pakistan has a young, digitally equipped population and there are immense opportunities for joint investment cooperation between Pakistan and Ethiopia.

“Pakistan considers Ethiopia to be one of the centerpieces of its engage Africa initiative” Chairman BOI said.

A three member delegation from Ethiopia led by Ethiopian, State Minister of Foreign Affairs and Ambassador Redwan Hussien called on Minister of State and Chairman BOI Muhammad Azfar Ahsan, said a press release issued by BOI here.

Chairman BOI welcomed the delegation and requested Mr. Hussien to encourage Ethiopian businessmen to invest in Pakistan.

While introducing the Board of Investment to the delegation, he mentioned that BOI is the secretariat and lead agency for industrial cooperation under CPEC, Regulatory Modernization Initiative and Special Economic Zones.

Elaborating on the investment regime of the country, the Chairman shared that all sectors are open to foreign investors, ensuring uniform treatment to all with 100% foreign equity allowed and borrowing facilities available both from local and foreign banks.

Chairman BOI added that the Board of investment has developed a database of readily available projects for investment totaling over 120 projects worth 60 Billion US$ available in communication & IT, construction, tourism, energy, water treatment, agriculture and fish farming, railways and manufacturing sectors.—APP

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