BoI aims at making investment climate more attractive

BoI aims at making investment climate more attractive
News from Pakistan Daily Times:

BoI aims at making investment climate more attractive

* Investment Policy being updated

* Investment Strategy 2012-2016 formulated

ISLAMABAD: The Board of Investment (BoI) aims to make investment climate more attractive and in this regard an Investment Policy is being updated.

To operationalise the policy, an Investment Strategy 2012-2016 has been formulated, in consultation with the federal and provincial governments. The Investment Policy along with strategy is presently being fine-tuned and shall be presented to the cabinet for approval.

This has been stated in future policy priorities of BoI contained in the Federal Medium-Term Budget Estimates for Service Delivery 2012-15. Major challenges faced by the BoI have been identified as in order to meet the challenges of global competitiveness and to attract investment, BoI has drafted Special Economic Zone (SEZ) Bill in consultation with all the stakeholders and provincial governments for establishment of SEZs throughout the country. SEZ Bill was approved by the Senate on March 8, 2012. Under the SEZ Bill, the 10 years income tax exemption is allowed to investors from the date of the operation of their unit and zone developers respectively, with duty free import of plant and machinery. The enactment of the bill shall open tremendous inv…………… continues on Pakistan Daily Times

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