Business Investment

BOI To Provide Facility For Plant,Machinery Import Without Customs Duty In SEZs

ISLAMABAD, Jan 2 (APP): (BOI) is committed to providing facility for plant and machinery import without customs duty in .

Priority of Board of Investment (BOI) would provide ease on doing of business with all modern facilities for the foreign investor in (SEZs), the senior official of the Board of investment (BIO) told APP here on Tuesday.

He suggested that Pakistani investors should go for joint ventures with foreign investors to learn the international best practices of managerial skills and technology.

The official of said that all steps would be taken for the industrial growth in the country.He said that SEZs would lead to creating employment opportunities and development in the area.ìWe are committed to facilitating the foreign investors in SEZs, he said.

The BIO would implement the modern concept of super ministry and one window operation for enhancing the foreign investment through reforms of the institution.

The innovative concept of the one-stop shop also would adopt in the institution and hire an appropriate professional for different sectors including legal, export, investment, marketing and branding experts to providing the conducive environment in SEZs.

In this regard, the consultative committee had been formed, which consists of senior officials of establishment division and BOI also to review and execute the reconstruction plan of BOI on modern lines.

He said according to plan, BOI wanted to hire experts to deal with to enhance the capacity and modernization of the institution.

He said that Reforms agenda for the restructuring of BOI will implement for enhancing the professional capacity of the institution to bring more foreign investment in the country.

APP

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