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HomeBusinessPakistan will host a Global Investment Summit. Azfar Ahsan, Chairman, BOI

Pakistan will host a Global Investment Summit. Azfar Ahsan, Chairman, BOI

People will hear excellent news about obtaining foreign direct investment (FDI) in two months during the Global Investment Summit in March of next year. Following COVID-19, the need of technology interchange was emphasised. A policy on technology exchange is being developed in this respect, and it is scheduled to be submitted in 6 to 8 weeks. Azfar Ahsan, Chairman of the Board of Investment (BOI), made these remarks at a luncheon hosted by the Korangi Association of Trade and Industry (KATI).

KATI Patron-in-Chief Syed Farukh Mazhar, President Salman Aslam, KITE CEO Zubair Chhaya, Syed Farukh Mazhar, Senior Vice President Maheen Salman, Vice President Farrukh Ali Qandhari, UBG President Zubair Tufail, Saleem-uz-Zaman, Danish Khan, Farhan-ur-Rehman, Syed Johar Ali Qandhari, SM Yahya,

Also read: CHINESE COMPANIES WANT TO INVEST $15 BILLION IN PAKISTAN: SECRETARY BOARD OF INVESTMENT

Azfar Ahsan said that he was saying with great responsibility that Prime Minister Imran Khan’s full attention was on improving the economy and he was keeping a close watch on the economic situation of the country. He said that special desks for KATI would be set up in the Board of Investment through which the problems of Korangi industrialists would be solved on priority basis. Chairman BOI invited the KATI members to visit the Board of Investment. He said that there were problems in the Board of Investment and as the fourth chairman he was trying to rectify the situation.

Azfar Ahsan said that I belong to the business community and not to the bureaucracy, therefore I have a better understanding of the issues. We have developed short-term and long-term plans in the economic strategy, and work on one-window and automation is in full swing.

Earlier, SM Muneer, Patron-in-Chief KATI, said that the appointment of Azfar Ahsan as Chairman Board of Investment is appreciated by business community as he belongs to the business community. He said that Prime Minister Imran Khan had succeeded in overcoming the Economic crisis during Corona due to his excellent vision. He said that in a meeting last week, the Prime Minister requested me to form a think tank to brief him on his proposals for improving the economy. He said that the think tank has been implemented at the request of the Prime Minister.

KATI President Salman Aslam welcomed BOI Chairman Azfar Ahsan on his arrival in KATI and said that direct investment in the country is very important, for which the government needs to improve infrastructure and reduce production costs. He said that appreciation of rupee was essential for stable investment. If the confidence of local investors is restored, then foreign investors will invest in the country.

Also read: TRG Pakistan Limited: Minutes from the Board Meeting

On the occasion, KITE CEO Zubair Chhaya said that local investors are worried, the difficulties faced by the industrialists in Karachi show that they are not doing business jihad. The government must pay due attention to Karachi. The country’s survival depends on the confidence of local investors. He said that several industrial areas have been set up where investment has been made but till date there are problems of electricity, gas and lease. He said that the country could not develop without improving Karachi.

KATI Standing Committee Chairman for Industrial Investment & Standardization Syed Farukh Mazhar said that the Board of Investment is the backbone of the economy. “We need to focus on small and medium enterprises, the government needs to formulate a better policy in this regard,” he said.

Photo Caption: Patron-in-Chief KATI SM Muneer and President Salman Aslam presenting shield to Chairman Board of Investment Azfar Ahsan. Zubair Chhaya, at the occasion Syed Farukh Mazhar, Maheen Salman, Farrukh Qandahari, Zubair Tufail, Saleem-uz-Zaman, Johar Ali Qandhari are also present.

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