ISLAMABAD, Pakistan: The Chairman Board of Investment (BOI) Syed Zubair Gilani has said that the BOI aims at approaching business regulatory reforms in Pakistan with absolute transparency through automation, reducing the interface between the government and the enterprise & limiting the role of the former to a meaningful regulator to ensure effective governance.
In a statement on Saturday, the Chairman BOI said that the bottom line of business reform drives is to make life simpler & easier for the common man besides empowering the government at different levels, by a meaningful role in regulation. He said that the tech-based solutions will facilitate the process of ensuring transparency & accountability.
Zubair Gilani said that the government’s role is to regulate & provide meaningful oversight while it is the job of the private sector to sort out the market issues more efficiently with the mutual goal of ensuring socio-economic development in Pakistan.
The Chairman BOI said that one of the biggest problems for Pakistan is the high cost of energy which is a major barrier in achieving true potential in terms of complete economic sovereignty. He said that the upcoming Alternate Energy Policy offers a lot of opportunities for potential investors to grow their business in Pakistan.
Furthermore, he said that Pakistan needs to aggressively pursue renewable energy solutions from economic as well as environmental point of view. In addition to the local energy needs, the biggest opportunity for foreign investors in Pakistan is to make use of the Country’s abundant labor force, he added.
