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1. Pakistan launches a Project to Boost the Country's Global Competitiveness for Foreign Investment - 23rd Feb., 2018


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. It will also contribute to streamlining business regulation and creating opportunities for meaningful linkages between foreign and local firms in key sectors. 

Chairman BOI, Mr. Naeem Zamindar, spoke at length about how Pakistan’s economy stands at a crucial vantage point with the potential to grow at the rate over 9% , technology building momentum to lift the nation towards prosperity. For this, Pakistan must attract new investment which will help the country create jobs for its youth, as 65 percent of young and growing population and its aspiration.


2. 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. The DB Reform Strategy launched in 2016 encompasses a set of comprehensive reform actions at both the federal and provincial governments’ level.

Due to the reforms efforts by the federal and provincial Governments, Pakistan has improved its ranking from 148 out of 189 countries to 144th out of 190 economies for 2017 on the Word Bank’s Ease of Doing Business (EODB) Index. It was included among the ten countries, which were termed the most improved economies in 2015/16 in areas tracked by Doing Business. The Federal and Provincial Governments are continuously pursing the assigned targets for further streamlining, reducing the processes and time period involved in each business indicator. However, Pakistan’s ranking in some of the business indicators is not improving despite hectic efforts at each level.

In order to share the reforms taken and data recorded by the government departments with contributors of World Bank Doing Business report, business community, regulators and to apprise all relevant segments about various reforms and initiatives undertaken by the federal and provincial governments, BOI in collaboration with Prime Minister’s Performance Delivery Unit (PMDU) and Finance Division and Provincial Governments organized two a Seminar / Workshops one in Karachi and one in Lahore The seminars focused mainly on four business areas i-e getting construction permits, contract enforcement, starting a business and registering property.

The seminars were attended by government agencies, regulators, leading businessmen, consultancy, and law firms, existing and future contributors of the Doing Business Report.


3. Pakistan - France Business Council's Delegation to Pakistan from 04-07th April, 2017

Mr. Thierry Pflimlin, Chairman, France – Pakistan Business Council of MEDEF (French Business Confederation) International visited Islamabad and Karachi from 4 – 7th April, 2017. He led twenty two (22) members business delegation of prominent French companies such as Clauger, Credit Agricole Corporate and Investment Bank, Deltacom, Engie, Fondation Grameen Cedit, GE Hydro France, Gemalto, Oberthur Technologies, Olmix, Suez Groupe, Thales, T Invest and Total Marketing ET Services to explore trade and investment opportunities in Pakistan in various sectors like energy & environment, banking, agrifood, Information Technology, architecture and aerospace.

BoI organized Pak-France Invetment Forum on 05th April, 2017. Fifty five (55) prominent private and public sector representatives participated in the event relating to energy, banking, agriculture, infrastructure, aerospace and digital security. Apart from B2B meeting, BoI also arranged meetings of the French businessmen with honorable President of the Islamic Republic of Pakistan, Federal Ministers for Planning, Development & Reforms, Petroleum & Natural Resources, Commerce, National Food Security and Research, Chief Minister Sindh and State Bank of Pakistan.