Committee established to provide facilities to foreign investment companies
The committee will make recommendations and submit a detailed report to the Prime Minister within 10 days (Photo File).
Islamabad: Prime Minister Shahbaz Sharif established a committee to provide facilities to foreign investment companies.
According to Express News, a high-level meeting on investment in the country was held under the chairmanship of the Prime Minister, in which the Prime Minister issued instructions to immediately remove all obstacles in the way of foreign investment. The Prime Minister established a committee to solve the problems of foreign investment companies, especially companies investing in Gwadar Free Zone.
According to the sources, the committee will make recommendations and submit a detailed report to the Prime Minister in 10 days. The important meeting was attended by Federal Ministers Miftah Ismail, Chaudhry Salik Hussain, Ahsan Iqbal, Special Assistants Tariq Fatemi, Zafaruddin Mahmood and relevant senior officials.
In the meeting, the Prime Minister said that facilities should be provided to Chinese investment companies on priority basis. At the same time, all obstacles in obtaining visas for Chinese workers should be resolved immediately. He said that the visa procedure for Chinese workers should be simplified and expedited by removing the distinction between CPEC visas and those of other companies.
In the meeting, the Prime Minister was informed in detail about the companies interested in investing 10 billion dollars in energy, infrastructure, railway, port and other projects. The meeting was told that an investment of 1 to 2 billion dollars is expected immediately in the first phase. Apart from this, these projects will not only create more than 45,000 employment opportunities, but also improve Pakistan’s ease of doing business index.
The Prime Minister immediately issued instructions to the Board of Investment, the Ministry of Planning and the Ministry of Finance to prepare a comprehensive plan with mutual cooperation.