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The first meeting of Heads of Economic Cooperation Organizing Investment Promotion Agencies (ECO – IPAs) in Islamabad

Board of Investment (BOI) hosted the first meeting of Heads of Economic Cooperation Organizing (ECO) Investment Promotion Agencies (IPAs) at Marriott Hotel, in Islamabad on 26th December, 2016. Secretary, Board of Investment Mr. Azher Ali Choudhary inaugurated the meeting welcoming the representatives of ECO Secretariat and representatives of ECO member states from Afghanistan, Iran, Turkey and Azerbaijan, Mr. Shah Jahan Shah, Additional Secretary, BOI being the host was elected as Chairman of the forum. Mr.

Seminars on Ease of Doing Business in Pakistan

Enabling business environment plays a pivotal role in attracting domestic and foreign investment. The concept of Ease of Doing Business has gained unprecedented importance in the recent past. The Doing Business Index, started in 2003, basically measures how easy or difficult it is for a local entrepreneur to open and run a business when complying with relevant regulations. Pakistan started DB Reforms process in 2016.

Pakistan launches a Project to Boost the Country's Global Competitiveness for Foreign Investment

Pakistan Board of Investment, in partnership with the International Finance Corporation and World Bank, and with the support from the United Kingdom government’s Prosperity Fund, launched a project to revive Pakistan’s global appeal as an attractive location for both local and foreign investment. The Pakistan Investment Climate Project aims to boost the country’s investment competitiveness. The project will support BOI to improve Pakistan’s investment policy and promotion strategy.

China Pakistan Economic Corridor (CPEC)

The CPEC is an ongoing development mega project which aims to connect Gwadar Port of Pakistan to China’s northwestern region of Xinjiang, via a network of highways, railways and pipelines. The economic corridor is considered central to China–Pakistan relations and will run about 2700 km from Gwadar to Kashghar.

China-Pakistan Economic Corridor and its connectivity with Central Asia, Middle East and Africa will help to shape entire region. Overall construction costs are estimated around $46 billion, with the entire project expected to be completed in several years.

Textile

  • Pakistan is the 8th largest exporter of textile products in Asia.
  • It is 4th largest producer and 3rd largest consumer of cotton.
  • It comprises of 46% of the total manufacturing sector and provides employment to 40% of the total labor force.
  • 5% of the total textile companies are listed on the stock exchange. There are 423 textile industries working in the country.
  • Pakistan has supply base for almost all man-made and natural yarns and fabrics, including cotton, rayon and others.

Logistics

  • With a population approaching 210 million, Pakistan is the 6th most populous nation in the world and continues to grow at a high rate of 2.4% per annum
  • Transport itself contributes 22.3% of the services sector GDP and accounts for approximately 6% of the nation’s total employment.
  • Gross Domestic Product (GDP) growth is 5.3% in 2016-17.
  • International transport is connecting Pakistan via its border crossings, ports and airports to its neighboring countries and further abroad.
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