Staff Reporter Islamabad
Board of Investment presented Investment opportunities in CPEC during a webinar jointly organized by Embassies of Pakistan & China in Jakarta.
MOS/Chairman BOI, Ambassadors of Pakistan & China to Jakarta, Deputy Minister for Coordination & Mining, Chairman KADIN, DG NDRC, Deputy Chairman BKMP, Deputy Director CIECC were part of the webinar.
The event highlighted the achievements of the CPEC as the flagship project of Belt & Road Initiative (BRI) & apprised the audience about the project’s inclusiveness to third party participation.
Addressing the webinar, MOS/Chairman BOI Mr. Atif Bokhari appreciated the organizers for holding such a meaningful webinar on CPEC.
Mr. Bokhari shared that CPEC has entered in its second phase and efforts are now focused on forging B2B & P2P collaborations in the form of Industrial & socio-economic cooperation.
Briefing about Pakistan’s liberal investment regime, Chairman stated that Pakistan allows 100% repatriation of profits, dividends and capital.
In addition, Pakistan is actively pursuing development of SEZs and is offering attractive fiscal incentives including 10-year tax holiday on income & custom duty exemption on import of capital goods to both developers & enterprises.
He further stated that the Government has launched conducive policies for Electric Vehicle, Mobile manufacturing, Construction sectors in a bid to enhance investment profile of Pakistan.
He concluded by encouraging Indonesian& Chinese investors to be part of the shared future of Industrialization & economic prosperity.
Pakistan Ambassador to Jakarta H.E. Muhammad Hassan underscored the importance of the webinar as a meaningful platform that offers an opportunity to all sides to understand and explore potential avenues.
