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PM tasks BOI to create more facilities for investment, business start-ups

Prime Minister Shehbaz Sharif has tasked the Board of Investment (BOI) to create more facilities for investment and business start-ups in the country.

He was chairing a review meeting here in Islamabad on Friday regarding the promotion of investment and ease of doing business in Pakistan.

The Prime Minister instructed the BOI to formulate a mechanism on the patterns of one-window operation in consultation with all the relevant ministries and provincial governments.

He said a mechanism should be suggested so that investors and people, who start new businesses, could face minimum hurdles. The Prime Minister said investment always finds a way where it faces less hurdles in business.

He said services of experts having international repute should be hired in this regard. He stressed on taking the provincial governments and representatives of the business community onboard before formulating the mechanism to enhance ease of doing business.

Shehbaz Sharif recalled that he, during his previous short stint as Prime Minister of Pakistan, took priority measures to promote investment and business activities in the country.

He said the Special Investment Facilitation Council (SIFC) has played a key role in ensuring continuity of policies and achieving the goal of economic recovery.

The Prime Minister highlighted that visits of business delegations from friendly countries and rise in the stock exchange show trust of the local and foreign investors on the government policies.

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