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.
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.
وزیرِ اعظم شہباز شریف کی زیرِ صدارت ملک میں سرمایہ کاری پر اعلی سطح کا اجلاس۔
اجلاس میں وزیرِ اعظم کو توانائی، انفرا اسٹرکچر، ریلوے، پورٹ انفراسٹرکچر اور دیگر منصوبوں میں 10 ارب ڈالر کی سرمایہ کاری میں دلچسپی رکھنے والی کمپنیوں کے بارے تفصیلی طور پر آگاہ کیا گیا۔ pic.twitter.com/fVU4ayaJb8
— Prime Minister’s Office (@PMO_PK) August 15, 2022
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.
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.