Newly appointed Chairman of Punjab Board of Investment and Trade (PBIT) Abdul Basit has stressed the need for evolving a new strategy to attract more foreign investment in the country under the changing global economic scenario. He told Business Recorder that the Punjab province's investment potential would be highlighted internationally through an aggressive drive that would send a positive vibes to the foreign investors.
When asked about the methodology to win foreign investors' confidence, Basit said he would first focus on streamlining the Board's affairs to make it more effective. The required co-operation and guidance would also be extended to the businesspeople, particularly relating to the export-oriented industry that would not only help improve their business but also fetch a great amount of foreign exchange to the national exchequer. To a query, he said the PBIT was set up by Chief Minister Punjab Shahbaz Sharif with an explicit motive of bringing maximum investment in various sectors like food processing, livestock and dairy development, mining and energy projects. "Though, it is a big responsibility yet, I would leave no stone unturned to make the province a hub of foreign and local investment in true sense," he maintained.
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