• ISLAMABAD: The UAE-based Brother Gas will invest $15 million in Pakistan to set up an industrial gas plant in M3 Industrial area in Faisalabad, said Board of Investment (BOI).

    “Secretary BOI, Fareena Mazhar, met with Kashif Maqsood, Managing Director of Brothers Gas, one of the leading oil & gas companies in Dubai. Maqsood confirmed their plan to set up a bottling plant at Special Economic Zone in Faisalabad,” BOI announced via its Twitter Handle on Wednesday.

  • DUBAI: Pakistan would earn around $7 billion through the Information Technology sector in the next two to four years, Secretary Board of Investment (BoI) Pakistan Fareena Mazhar elaborated in a seminar held at the Pakistan Pavilion in Dubai Expo 2020. The Board of Investment (BoI) on Sunday organized an Investment Promotion seminar to apprise the potential foreign investors of investment policies and potential in Pakistan. The theme of the seminar was Investment Opportunities in Pakistan in the field of Education and Innovation Technologies.

  • The federal secretary for the Pakistan Board of Investment, Fareena Mazhar, on Monday said that the government is committed to encouraging and protecting foreign investments in the country.

    She was speaking at a seminar to apprise the potential foreign investors on investment policies and the potential in Pakistan. The theme of the seminar was 'Investment Opportunities in Education and Innovation in Technologies'. The seminar was attended by many foreign investors and overseas Pakistanis. The participants expressed interest on the existing opportunities in Pakistan and the policies by the government to attract investment in the emerging technologies. Special Technology Zones Authority (STZA), NUST, Evamp and Sanga, UAE, Lenovo, Ecolean, Aviation Complex Kamra also participated in the seminar.

  • Mr. Muhammad Azfar Ahsan, MoS / Chairman, Board of Investment (BOI) meeting Ambassador Designate to Saudi Arabia H.E. Ameer Khurram Rathore at BOI, Islamabad on Thursday, the 02nd December, 2021.

  • Mr. Muhammad Azfar Ahsan, MoS / Chairman, Board of Investment (BOI) alongwith Farrukh H Khan, CEO Pakistan Stock Exchange during her visit at BOI on Thursday, the 25th November, 2021. Mrs. Fareena Mazhar, Secretary, BOI also present.

  • ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single identifier number for all domestic taxes.

    An official announcement said that under this initiative a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise Duty by mere use of the Computerised National Identity Card if he/she is an individual.

    In case of partnership firms and companies, the National Tax Number (NTN) shall be the common tax identifier number. In this manner the Sales Tax, Income Tax and Federal Excise laws have been harmonised. This is an important step towards ease of doing business and it will substantially improve Pakistan’s rating on this count.

  • Zi Solar signs MoU with South Korea's Aeonus Co Ltd as Pakistan looks to make headway in EV market

    In a major development for Pakistan's Electric Vehicle (EV) market and its associated infrastructure, Zi Solar Pvt. Ltd, a local renewable energy solution provider, has entered into a partnership with South Korea's Aeonus Co Ltd, a renewable energy products manufacturer, for the deployment of EV charging equipment in the country.

    The partnership will pave way for the deployment of Korea-manufactured Electric Vehicles (EV) charging and storage equipment in Pakistan, according to a statement issued by Zi Solar.

  • ISLAMABAD: Pakistan and the Kingdom of Bahrain will hold Joint Ministerial Commission (JMC) from 28-29 July in Manama to sign an accord to further trade and investment ties and undertake collaborative projects, The News learnt on Monday.

    This would be the second session of the JMC between both the countries, as previously, the 1st session of the Pak-Bahrain Joint JMC was held on 5-6 February 2017 at Islamabad.

    Board of Investment (BOI) being the premier investment promotion agency of Pakistan working under the administrative control of the Prime Minister’s Office is mandated to promote and facilitate both local & foreign investment and has initiated the Memorandum of Understanding (MoU).

  • ISLAMABAD: Pakistan and Bahrain will sign a memorandum of understanding for the promotion of trade and investment opportunities during the second session of Pak-Bahrain Joint Ministerial Commission, opening in Manama on July 28.

    The MoU between the Board of Investment (BOI) and the Economic Development Board (EDB) of Bahrain will provide a framework within which both countries would be able to develop and undertake collaborative activities and projects; share knowledge and would have integrated technical exchange and assistance in the areas of mutual interest.

    The BOI expects the joint commission meeting will be a major breakthrough in terms of showcasing Pakistan’s lucrative investment opportunities to Bahrain.

  • ISLAMABAD: Pakistan’s exports of information technology grew by 47.4 per cent to cross the $2 billion mark for the first time in the country’s history in the outgoing fiscal year.

    In absolute terms, the IT exports reached $2.12bn in 2020-21 as against $1.44bn in the preceding year, according to data released by Commerce Ministry on Monday.