PM Establishes a Committee to Facilitate Foreign Investment

The committee has been assigned the task to submit a report and recommendations to the Prime Minister within ten days on how to increase the investment. PM Shehbaz Sharif said that all obstacles to foreign investment in the country should be removed immediately, and Chinese companies should be facilitated on a priority basis.

Pakistan’s Chief Minister Shehbaz Sharif has directed the authorities to resolve visa obtaining problems for Chinese workers and to simplify the procedure. He said the distinction between China Pakistan Economic Corridor (SPEC) visas and those of other companies in the visas of Chinese workers should be abolished.

The meeting was told that an investment of $1-2 billion dollars is expected immediately in the first phase. Apart from this, these projects will create more than 45,000 employment opportunities. Pakistan’s Ease of Doing Business Index has been rated highly by the World Bank.

The Prime Minister immediately issued instructions to the Board of Investment (BoI), the Ministry of Planning, and the Ministry of Finance to prepare a comprehensive plan for these projects with cooperation. Federal Ministers Miftah Ismail, Chaudhry Salik Hussain, Ahsan Iqbal, Special Assistants Tariq Fatemi, Zafaruddin Mahmood, and relevant senior officials participated in the meeting.