Islamabad: In bid to stimulate economic growth and attract more investments, Prime Minister Shehbaz Sharif entrusted Board of Investment (BOI) with task of creating more conducive environment for investors.

Chairing review meeting on commercial sector, he lauded Special Investment Facilitation Council’s role in supporting country’s economic recovery.

He emphasised that investments thrive in countries with minimal business obstacles and directed Investment Board to adopt single-window approach, streamlining procedures and minimising hurdles for investors.

Recognising private sector’s crucial role in development, PM Shehbaz stressed importance of consulting with industry experts when formulating policies to enhance ease of doing business. Furthermore, he directed formulation of comprehensive strategy to evaluate performance of trade and investment officers stationed in Pakistani embassies abroad.

He underscored that officers demonstrating commendable performance will be acknowledged, while those with unsatisfactory performance will be replaced from their positions.

To further boost exports, he announced bi-monthly self-assessment of export sector and directed preparation of trade policy to facilitate business. These measures aim to revitalise Pakistan’s economic landscape, attracting investments and driving growth.

Published in The Daily National Courier, May, 11 2024

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