Board of Investment (Pakistan)

From Wikipedia, the free encyclopedia
Prime Minister's Office - Board of Investment (BOI)
Company typePakistan Government
FoundedOctober 1992 (as Pakistan Investment Board)
HeadquartersIslamabad
Key people
Chairman
(Federal Secretary)
ProductsInward Investment support
Websitewww.invest.gov.pk

Board of Investment (BOI) (Urdu: ہیئتِ پاکستان برائے سرمایہ کاری) is the premier investment promotion agency of Pakistan working under the administrative control of the Prime Minister’s Office and is mandated to promote and facilitate both local & foreign investment. The Board of Investment is a member of the World Association of Investment Promotion Agencies (WAIPA).

Pakistan offers a variety of attractive opportunities for both local & foreign investors. The country is geo-strategically placed at the crossroads of Asia; in geographical terms it is strategically located among landlocked central Asian states, thriving China, resource rich Middle East and huge markets of South East Asia. It has been a center of attraction for the developed economies to invest for lucrative returns. There are ample reasons for the business community to opt for Pakistan having business friendly environment and liberal economic policies to growing infrastructure.

Ease of doing business[edit]

According to the World Bank’s Doing Business Report, 2020,[1] Pakistan is No. 1 in terms of big jump in ranking of Ease of Doing Business (EoDB) among 11 biggest economies. Pakistan is the top reformer in the South Asia and among the top 20 reformers in Ease of Doing Business Reforms (EoDB). The reforms were recognized in the fields of starting a business, trade across borders, getting electricity, dealing with construction permits, registering properties and paying taxes.[2]

The next step is to cut out redundant regulations & remove unnecessary permissions/ NOCs & inspections under BOI's new initiative called “Better Business Regulatory Initiative".

Structure[edit]

Board members[3]
Sr. No. Name and Designation Composition of the Board
Public Sector
01. Mr. Imran Khan, Prime Minister Chairman of the Board
02. Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance Member
03. Mr. Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, Textile, Industries & Production and Investment Member
04. Mr. Omar Ayub Khan, Federal Minister for Energy Member
05. Mr. Zubair Gilani, Minister of State / Chairman, Board of Investment Member
06. Mr. Omer Rasul, Secretary, Board of Investment Secretary of the Board
Private Sector
07. Dr. Salman Shah, Former Advisor to the Prime Minister on Finance Member
08. Dr. Shamshad Akhtar, Former Vice-President, World Bank and Executive Secretary General, UNESCAP Member
09. Mr. Ahmer Bilal Soofi, Lawyer, ABS & Company, Islamabad Member
10. Mr. Farooq Nasim, Chairman/CEO, DWP Group Member
11. Mr. Ali Naqvi, Ex-Executive Chairman of Global Markets, Asia Pacific Member
12. Mr. Naveed A. Khan, Former CEO, Faisal Bank Member
13. Mr. Asif Peer, CEO/Managing Director at Systems Limited Pakistan

Departments and wings[edit]

  • Investment Promotion Wing (IP)
  • Ease of Doing Business and Better Business Regulatory Initiative Wing (EoDB / BBRI)
  • Project Management Unit (PMU), China Pakistan Economic Corridor (CPEC) Industrial Cooperation
  • Special Economic Zones Wing (SEZs)
  • Administration & Management Information System Wing (Admin/MIS)
  • Investment Policy, Legal & Research (PLR)
  • Facilitation Wing
  • Regional Offices

Services[edit]

The wide range of professional services provided by Board of Investment includes disseminating information on the opportunities for investment and facilitating companies that are looking for project sites, joint venture partners and other resources. It promotes Pakistan as an investment destination through networking, conferences and events, media relations, Pakistan’s diplomatic missions abroad, and thought leadership.

The Board of Investment acts as a focal point of contact for prospective investors, both domestic and foreign to provide them with all necessary information and assistance in coordinating with other Government Departments/Agencies.

The Board of Investment also evaluates applications of investors for the Work / Business Visa, Branch / Liaison Office and Airport Entry Passes.

Contacting Board of Investment[edit]

Board of Investment's global network will show companies why Pakistan is an ideal strategic choice for growth. By contacting the nearest Pakistani Embassy, High Commission, or Consulate, a company can get the information and assistance they need to make the right decisions.

Business leaders from across the globe work with the Board of Investment as "Honorary Investment Counsellors". They promote Pakistan internationally and highlight investment opportunities but also offer business experience and knowledge gained across a range of sectors and geographical markets.

The Board of Investment has specialist staff located at the head office in Islamabad along with offices in each of Pakistan’s four provinces.

See also[edit]

References[edit]

  1. ^ "Economy Profile, Pakistan, Doing Business, 2020 Report" (PDF). Doing Business. 2019-10-24.
  2. ^ "Ease of Doing Business | Board Of Investment". invest.gov.pk. Retrieved 2019-11-22.
  3. ^ "BOI BOARD | Board Of Investment". invest.gov.pk. Retrieved 2019-11-22.

External links[edit]