Pakistan has invited the Developing-8 countries to explore investment opportunities in the country’s Special Economic Zones.
The invitation was extended by the Minister for Board of Investment and Special Initiative Chaudhry Salik Hussain while interacting with delegates from the D-8 countries on the sidelines of the D-8 Investment Conference in Istanbul.
The D-8 is a global arrangement (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey), as the composition of its members reflects.
The minister said the government of Pakistan was working with a vision to transform Pakistan into a high-end commercial, technology, and manufacturing hub.
“I am happy to state that Pakistan’s agriculture sector, being the backbone of our economy, posted a growth of 4.4 percent in FY2022 owing to a 6.6 percent growth in crops and 3.3 percent increase in livestock production,” he said.
He assured them that the government will fully facilitate businesses and investors in the country.
Earlier, Secretary Board of Investment, Fareena Mazhar delivered a detailed presentation and apprised the audience at the D-8 Investment Forum about Pakistan’s latest business reforms initiatives to improve ease of doing business.
She said Pakistan has seen incredible improvement in its security situation and introduced notable regulatory reforms which have been recognized globally including by the World Trade Organization, World Economic Forum, and the World Bank.
It was established with the objective of Economic Cooperation to improve member states’ position in the global economy, diversify and create new opportunities in trade relations, besides enhance participation in decision-making at the international level. 16th June 2022 marks the Silver Jubilee of the Organization and the Minister and Secretary for BOI also participated in the Silver Jubilee reception in Istanbul.
