ISLAMABAD: Pakistan has invited the Developing-8 countries to explore investment opportunities in Special Economic Zones.
The invitation was extended by 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.
Minister Salik Hussain and Secretary Board of Investment (BOI) Fareena Mazhar are in Istanbul to participate in the D-8 Investment Conference on the occasion of the 25th anniversary of the D-8 Organization.
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.
Salik said the government of Pakistan was focusing on providing special relief in taxes and duties on different agriculture equipment and machinery. “I invite the D-8 Nations to join hands with Pakistan and work together to make the D-8 alliance food secure and an agriculturally surplus country,” he said.
He emphasized the government of Pakistan was working with a vision to transform Pakistan into a high-end commercial, technology and manufacturing hub, He assured the government’s resolve and commitment to facilitate businesses and investors in Pakistan.
Secretary BOI Fareena Mazhar delivered a detailed presentation and apprised the audience at the D-8 Investment Forum regarding Pakistan’s latest business reform initiatives to improve ease of doing business.
“Pakistan has also seen an incredible improvement in its security situation and has conducted notable regulatory reforms which have been recognized globally by the World Trade Organization, World Economic Forum, and the World Bank of Pakistan.” she stated.
She invited the businessmen to explore investment opportunities in multiple sectors owing to Pakistan’s strategic location and being connected to the broader plan of the Belt and Road Initiative (BRI) through the China Pakistan Economic Corridor (CPEC).
The D-8 is a global arrangement involving Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. The organization marked its Silver Jubilee on June 16.
