Govt of Pakistan is making all out efforts to put the economy on the track of long-term and sustainable economic progress: Chairman BOI

ISLAMABAD, January 7: While addressing the technology roundtable session, Chairman BOI said that government of Pakistan is making all out efforts to put the economy on the track of long-term and sustainable economic progress.
He shared that BOI is mandated to promote, encourage and facilitate both local and foreign investment and acts as an interface between international and local investors, public and private sector. He stressed that BOI works for enabling business environment through policy and strategic interventions.
The Board of Investment (BOI) organized a technology roundtable bringing together policy makers, business communities & potential investors to explore new avenues for enhancing business & investment linkages in Pakistan’s booming IT sector on Friday, 07 January in Islamabad.
The ceremony started off with an inaugural session that included welcome address by the Minister of State & Chairman Mr. Muhammad Azfar Ahsan, detailed presentation on the IT Sector of Pakistan by Secretary BOI Ms. FareenaMazhar, and address by Abdul RazakDawood – Advisor to Prime Minister on Commerce & Investment.
The roundtable comprised three more sessions: on e-commerce, connectivity and telecommunications and IT exports and featured some renowned speakers from the industry including MD Daraz.pk, CEO Jazz, CEO Telenor Pakistan, President & Group CEO, PTCL Group, Chairman Infotech Group and others.
Mr. Ahsan apprised the participants on “Pakistan Regulatory Modernization Initiative” (PRMI), being led by BOI that was launched by the Honorable Prime Minister of Pakistan. Once rolled out, it shall transform the regulatory landscape across all tiers of government, he said.
The Chairman shared that IT Sector Policy of Pakistan offers a generous set of incentives such as custom duties and sales tax rebates to local and foreign incentives. He added that the IT sector also allows up to 100% foreign ownership and 100% repatriation of profits.
Mr. Ahsan encouraged business leaders to find new approaches to enhance technology-based landscape of Pakistan and make best use of this platform. – PR