Board of Investment (BoI) should formulate recommendations on fast track basis for establishing active one window facility for local and foreign investors, said Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation and Investment here on Thursday. He stated this while chairing a meeting held to review the performance of BoI. The minister said the overall investment climate is improved and attracting a large number of investors from within and outside the country in all sectors of economy.
Therefore, he said, "we needed to make the existing facilitation arrangements more speedy and effective on war footing basis".
He directed BoI to focus on tackling problems of investors being faced by them through administrative arrangements, quick implementation, providing accurate information database on cost effective basis.
Dr Shaikh further said that BoI officers at Islamabad, Karachi and Lahore should be further empowered and strengthened and new offices should be opened at Peshawar and Quetta for closest liaison with other related departments of the federal and the respective provincial governments.
The meeting also reviewed the progress made to increase the Foreign Direct Investment (FDI) and discussed the matters pertaining to investment proposals for cabinet committee on investment (CCoI), bilateral investment treaties, to promote, encourage and facilitate domestic and foreign investment at all levels in all sectors.
Waseem Haqqee, Chairman BoI, Jahanqir Bashar, Secretary BoI, Tallat Meyyam EDG and other senior officials of BoI were present during the meeting.
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