Govt to encourage, protect foreign investments: Fereena

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Federal Secretary for Board of Investment (BOI) Fareena Mazhar on Monday said the government is committed to encouraging and protecting foreign investments in the Country.

The Board of Investment organized an online Investment Promotion seminar to apprise the potential foreign investors on investment policies and potential in Pakistan, said a press release issued here.

The theme of the seminar was Investment opportunities in education and innovation in technologies.

The Seminar was attended by many foreign investors and overseas Pakistan through physical participation.

Due to travel restrictions because of the pandemic, arrangements were made for the participants to attend the seminar on zoom.

The participants expressed interest on the existing opportunities in Pakistan and the policies by the Government to attract investment in the emerging technologies.

Special Technology Zones Authority (STZA), NUST, Evamp and Sanga, UAE, Lenovo, Ecolean, Aviation Complex Kamra also participated in the seminar.

Secretary BOI, Ms. Fareena Mazhar informed the audience that there are 22 approved SEZs in Pakistan and four of them have state-of-the-art facilities and business ecosystems ready for investment as Early Harvest projects.

“Board of Investment, Islamabad, as the premier investment promotion agency of Pakistan, is leading the Pakistan Regulatory Modernization Initiatives (PRMI) which is a key initiative of the Pakistani Government for the modernization and regulation of local business through technological interventions for providing a conducive business environment in the country.” said Ms. Mazhar while informing the audience about BOI.

The Secretary apprised the audience on the Information Technology (IT) sector being one of the fastest growing sectors of Pakistan, contributing around 1 percent to the GDP of the country at about $3.5 billion.

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