Mr. Zheng Wang Chang Vice President ICBC and Mr.Nauman K Dar President and CEO of HBL along with delegation invited Dr. Miftah Ismail SAPM/Chairman, to talk about the Investment Opportunities in Industrial Parks development in Pakistan.
The Chairman brought into focus that BOI is required to play a significant role in the administration and implementation of the Government’s FDI policy. It holds a strong background of energetically boosting the flow of FDI into the country through rapid and transparent processing of applications in the SEZs in Pakistan Investment Policy and Strategy. We encourage investors to run their business in the most profitable investment terminal of the world, Pakistan, assessed by Chairman.
The Industrial and Commercial Bank of China (ICBC along with Habib Bank Limited (HBL) are working towards establishing develop industrial parks in the province of Punjab and Sindh. Through this initiative they wish to attract Chinese Companies to establish industries in Pakistan with the purpose of producing goods that will cater to both, the expert market and the domestic market as well. Industrial Park will help promote economic development, attract foreign Investment, advancement of Industrial base and bring in innovation of technology in Pakistan.
On the other hand, the Chinese delegation is looking for assistance regarding land identification for formation of industrial parks, security issues, preferential tax incentives and R & D. The Chairman, BOI guaranteed to facilitate all the requested services by the government of Pakistan. Regarding this, Mr. Imran Afzal Cheema , Acting Secretary, BOI told the delegation that Ministry of Industries & Production is already operating towards development of National Industrial Parks in Pakistan. He further recommended the delegation to correspond with the Ministry of Industries pertaining to this matter.