Chairman Board of Investment (BoI) Haroon Sharif has submitted his resignation to Prime Minister Imran Khan. Haroon served as BoI chairman for eight months. On September 13, 2019, the federal cabinet approved the appointment of Sharif as chairman Board of Investment, a one window facility under the Prime Minister Office for promotion of local and foreign direct investment.
Foreign Direct Investment (FDI) dropped 52 percent to $1.37 billion in first 10 months (Jul-April) of the current fiscal year. The FDI had been recorded at $2.84 billion in the same period of previous year, the State Bank of Pakistan (SBP) reported.
Haroon succeeded Naeem Zamindar who was appointed by the Pakistan Muslim League-Nawaz (PML-N) government in November 2017 from the private sector.
Sources said that the Prime Minister is yet to take any decision on the resignation sent by Sharif. The BoI chairman confirmed that he has resigned due to personal reasons.
The chairman has resigned just before a meeting of Board of Approval of BoI has been convened. The Board of Approval is headed by Prime Minister and it takes investment related decisions. The meeting is likely to take place in current month.