FPCCI, BoI to launch Invest ‘Pakistan Initiative’ under PM office: Irfan

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Mr. Irfan Iqbal Sheikh, President FPCCI, has said that Board of Investment (BoI) and FPCCI have agreed to form a Joint Consultative Working Group to help constitute and effectively operationalize an independent body called Invest Pakistan under the leadership of Prime Minister through Prime Minister’s Office.

Mr. Irfan Iqbal Sheikh apprised that Invest Pakistan will ensure the policy advocacy initiatives with the support and full-backing of private-sector to promote and facilitate FDI in Pakistan. We have decided to lend a helping hand to make this initiative a success story in the broader national interest, he added.

FPCCI Chief added that he has liked the initiative as its concept note entails giving up to 80 percent representation to private-sector on Invest Pakistan board and 51 percent equity or shareholding to private-sector.

However, the exact modalities and ToRs will be worked out when the meetings of the working group take place, he added.