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PM Shahbaz Sharif directs removal of all obstacles in foreign investment

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has directed to remove all obstacles in the way of foreign investment in the Country.

Chairing a high-level meeting in Islamabad on Monday, the prime minister said the Chinese investment companies should be facilitated on a priority basis.

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The prime minister directed to remove all the hurdles in acquisition of visa by the Chinese workers. He said that the visa procedure should be simple and fast tracked.

Shahbaz Sharif also formed a Committee to address the problems faced by foreign companies especially those investing in Gwadar Free Zone. The Committee will present its report and recommendations to him within 10 days.

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In the meeting, a detailed briefing was given about the companies interested to invest US$ 10 billion in energy, infrastructure, railway, port infrastructure and other projects.

The meeting was informed that in the first phase, an immediate investment of US$ 1 billion to US$ 2 billion is expected. These projects will not provide 45,000 jobs but will also improve Pakistan’s Ease of Doing Business Index.

The prime minister directed the Board of Investment (BOI) and the Ministries of Planning and Finance to collectively frame a comprehensive plan regarding these projects.

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Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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