BOI-Investors-Confidence Foreign investors satisfied with govt's investment policies

Founder Editor Tazeen Akhtar..

 ISLAMABAD, Nov 4 (Staff Reporter + APP): A number of foreign investors who attended the opening day of 'Pakistan Investment Conference' reposed confidence in the government’s efforts to attract foreign direct investment to Pakistan. Talking to APP at the sidelines of the conference, being organized by the Board of Investment (BOI) here on Wednesday, they expressed satisfaction over the improving law and order situation in the country, a prerequisite for foreign investors. They also appreciated the government's policies for providing a level playing field for investment in different sectors of Pakistan's economy including energy, infrastructure, health, education and agriculture sectors.

Anna V. Dashkova, Chief of Foreign Economic Relations Department, Republic of Belarus, who is heading a 40-member delegation said that the investors from Belarus were keen to cooperate in agriculture sector mechanization. She said that both Pakistan and Belarus could enhance their bilateral cooperation in manufacturing tractors and other equipment to further promote the agriculture sector.

Vitali Hancharyk, Deputy General Director for Foreign Economic Relations, Belarus appreciated the government for considerably improving law and order situation by fighting the menace of terrorism. She appreciated the Board of Investment (BOI) for organizing this important conference for mustering foreign investment in different sectors.

Commenting on the investment opportunities in Pakistan, Yousaf M. Buzaboon, Ambassador for Peace, Bahrain said that Pakistan was enriched with huge mineral resources including oil and gas and there was great opportunities for the investors to invest in exploration and production sectors. He said the conference would provide a platform to the foreign investors to exploit the investment potential existing in different sectors including trade, textile, agriculture, manufacturing etc.

Robert N Webb, Chairman MAM Enterprises, a Karachi based Canadian company, said that Pakistan was blessed with young population which could be used for achieving economic targets. He said that cheap labour and skilled youth could be utilized for enhancing production in different sectors. He also expressed the confidence that Pakistan would be able to improve its soft image by holding such conferences.

Kevin Lu, President, BFT Marine (HK) Limited, Beijing China said that a number of Chinese companies were operating in different sectors in Pakistan. He said these companies were making reasonable profit and providing job opportunities to a large number of local skilled

and semi-skilled work force. He said both the countries have initiated mega projects under China Pakistan Economic Corridor (CPEC), which would further cement trade and investment between both the countries. He said more Chinese investors would take keen interest in the investment opportunities in energy, railways and infrastructure development. It may be mentioned here that 238 foreign investors from over 29 countries including China, Turkey, Bahrain, UK, USA,Kuwait, Canada, Sweden, Sri Lanka, Egypt, UAE and Tanzania are attending the conference.

As many as 19 companies of international repute are also participating in the Conference aimed at promoting and encouraging the local investors by providing them level playing field for investing in different sectors of national economy.