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Tag: Board of Investment

  • Pakistan briefs Saudi envoy on investment opportunities

    Pakistan briefs Saudi envoy on investment opportunities

    ISLAMABAD: A state minister on Thursday briefed Saudi envoy about investment opportunities in Pakistan.

    Minister of State and Chairman Board of Investment (BOI), Muhammad Azfar Ahsan highlighted the investment opportunities at a meeting with the Ambassador of Kingdom of Saudi Arabia to Pakistan, Nawaf bin Said Al-Malki.

    Both sides shed light on the cordial relations between the two countries and deliberated on ways to further enhance and promote bilateral relations, said a press release issued here.

    READ MORE: Pakistan, Saudi Fund sign debt service suspension pacts

    Chairman BOI briefed the ambassador about the lucrative investment opportunities available in Pakistan with special mention of incentivized priority sectors.

    He stressed that Board of Investment under the leadership of Prime Minister Imran Khan is committed to facilitate and encourage investment in the country.

    Azfar Ahsan expounded that Pakistan has ample untapped opportunities waiting to be explored in various sectors of the economy. He added that Pak-Saudi relations are moving in an upward trajectory and Pakistan is really looking forward to facilitate Saudi investors in the country.

    READ MORE: SBP signs $3bn deposit agreement with Saudi Fund

    Ambassador Malki agreed with the Chairman about Pakistan’s massive investment potential. Highlighting the recent positive developments in Pak-Saudi bilateral relations, the ambassador stated that he was confident about substantial economic cooperation between KSA and Pakistan in coming future.

    The ambassador underscored that there is room for collaboration between the two countries in areas of trade and investment.

    READ MORE: Saudi oil facility for Pakistan to start soon

    He shared that Saudi investors are taking keen interest in investing in several sectors of Pakistan including energy & petroleum, technology, infrastructure etc.

    Chairman BOI apprised the ambassador on an upcoming investors’ meet-up being organized by BOI and requested the ambassador for participation from the Saudi side.

    READ MORE: KSA extends oil on deferred payments to Pakistan

    Ambassador Malki warmly accepted the invitation and assured of maximum assistance from his side.

    He also mentioned that a group of Saudi investors will soon visit the Board of Investment to formally discuss project proposals and to take this meeting to the next level.

  • Brother Gas UAE invests $15 million initially in Pakistan

    Brother Gas UAE invests $15 million initially in Pakistan

    ISLAMABAD: A delegation representing Brother Gas UAE has shared with the Board of Investment (BOI) that they will be investing in three phases, with an initial investment of $15 million.

    The first phase will include setting up a plant in M3 industrial area in Faisalabad which will serve the local market and facilitate export to neighboring markets from Pakistan.

    READ MORE: Domestic oil sales surge by 18% in 5MFY22

    It will include industrial gases, with more than 1000 products. They will install an Aerosol Propellant Gas “APG” plant which will be manufacturing the much needed APG within Pakistan instead of importing the same.

    BOI organized a hybrid investment seminar on Monday, 6th December at Pakistan Pavilion, Dubai Expo, which was attended by local & international business community physically and virtually.

    The business community was apprised on investment policies and potential in Pakistan with focus on technology as well as Knowledge economy.

    On the sidelines of this seminar, Secretary BOI, Ms. Fareena Mazhar met with Kashif Maqsood, Managing Director of Brother Gas UAE, one of the leading oil and gas companies in Dubai.

    READ MORE: KSA extends oil on deferred payments to Pakistan

    Maqsood attended the seminar with his five member senior management team and confirmed their plan to set up a bottling plant at Special Economic Zone in Faisalabad.

    Board of Investment has been facilitating the organization previously and has assisted in applying for a Plot in Faisalabad Special Economic Zone (SEZ). BOI’s close coordination with the organization has resulted in the organization announcing its plan to invest in Pakistan.

    The investment will help reduce imports and bring Foreign Direct Investment (FDI) through exports to neighboring countries. This project will also lead to the introduction of refrigerant gasses and ADNOC lubes for the first time in Pakistan. Secretary BOI has termed this potential investment as a major breakthrough for attracting FDI in Pakistan.

  • PM directs launching portal to facilitate investors

    PM directs launching portal to facilitate investors

    In a bid to facilitate both local and foreign investors, Prime Minister Imran Khan on Thursday instructed relevant authorities to expedite the launch of a one-window portal designed to streamline investor facilitation in Pakistan.

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