ISLAMABAD – The Board of Investment (BOI) has invited foreign investors, especially Chinese, to set up their business houses in Pakistan’s Special Economic Zones (SEZs).
“We look forward to your high quality investments in Pakistan while enhancing B2B and P2P cooperation,” Fareena Mazhar, Secretary of the Pakistan Investment Board, said at the “Belt and Road” Investment Promotion Conference (BRI ) held in Ningxia Hui Autonomous Region, China, according to China Economic Net.
She said that since the launch of the CPEC, China has been the largest investor in Pakistan with FDI inflows of US $ 8 billion and subcontracts of US $ 2.1 billion, contributing to 36 % of net investment in Pakistan.
She further pointed out that the SEZs under the CPEC are not limited to only Chinese companies and that all industrial companies under the CPEC are also open to third country participation.
Seizing the opportunity, she presented the incentives Pakistan offers international investors, such as a one-time customs exemption and a 10-year tax exemption for zone developers and businesses. Online portals developed by BOI and in collaboration with China Council for the Promotion of International Investments are also provided to facilitate investors from SEZs.
Hosted by the Chinese Ministry of Commerce and the government of the Hui Autonomous Region of Ningxia, the conference aimed to promote joint construction of the Belt and Road and two-way investments for sustainable development.