CPEC: Economic Prosperity for Pakistan
Observer Report
Islamabad
Observer Report
Islamabad
MEDEF International Business Delegation comprising 32 businessmen from 21 companies visited Pakistan. The delegation represented companies like Total, Agricole Bank, Dassault Systemes, Archetype Group, Deltacom, Gemalto, Semmaris, JC Decaux etc. Board of Investment prepared a comprehensive program for delegation i.e. call on the honorable President and Prime Minister of Pakistan as well as Ministers for Finance, Power, Petroleum and Food Security and visits to Lahore and Karachi where B2B meetings with Private Sector were arranged.
Qatari Business Delegation comprising 08 experts of QIA, and Nebras Power, headed by Sheikh Faisal bin Thani Al Thani, Head of Regional Port Folios, QIA visited Pakistan from 01-03 April, 2019.
The Board of Investment held an investment conference in Doha, Qatar in collaboration with Qatar Financial Centre. Adviser on Commerce, Industries & Production and Investment and Chairman, BoI attended the event. 30 Businessmen from Pakistan’s aviation, tourism, energy, hospitality and food sectors attended the Investment Forum as well as B2B meetings.
Special Economic Zones Act 2012 was promulgated to encourage, promote and enhance industrial base in the country. The purpose was to facilitate domestic and foreign investors to invest in manufacturing sector of Pakistan offering them special exemptions and incentive leading to reduced cost of doing business with efficient infrastructure. Government is embarking on Special Economic Zones as a tool for attracting investment to revive and diversify the manufacturing and exports.
The Board of Investment held an investment conference at Islamabad during the visit of the Crown Prince of Kingdom of Saudi Arabia H.R.H Muhammad Bin Salman to Pakistan. Around 50 Businessmen from Pakistan and 22 businessmen from Saudi Arabia attended the B2B event.
A 14 member Saudi delegation led by Mr. Hamed Ahmed Alghamdi, Adviser to the Minister for Energy & Mineral Resources visited Pakistan in connection with finalizing MoU between the two Governments to explore investment opportunities in construction of Oil Refinery - Petrochemicals Plant.
A two-day Envoys Conference on Economic Diplomacy was held in Islamabad to attract foreign investment. The Conference was been arranged by Ministry of Foreign Affairs in collaboration with Ministry of Commerce and Board of Investment.
Pakistan's Ambassadors and Heads of Missions from select capitals, representatives of public and private sectors, and government institutions participated in the conference. The conference deliberated on ways and means to enhance Foreign Direct Investment and trade, particularly exports.