ISLAMABAD: Board of Investment (BOI) Chairman Muhammad Azfar Ahsan has tendered his resignation from his post, according to a report on Sunday,

In his resignation letter, Muhammad Azfar Ahsan said that it has been a privilege and a huge honor to serve as Chairman of Federal Board of Investment with the status of Minister of State.

“In my five months tenure as 1301 Chair, I am fully convinced that Pakistan has enormous opportunity at hands to bring foreign and local investment to transform our country. Though our foreign direct investment inflow is stagnant at USD 3 billion, I believe it has a potential of USD 15 to USD 20 billion per year. Though my tenure was short, I never wasted any opportunity to revamp 901 to realize that promise.”