Chairman, Board of Investment calls on Prime Minister Gilani

Islamabad: Prime Minister Syed Yusuf Raza Gilani has said that Government is taking all measures to facilitate local and foreign investors to enhance the investment in various sectors. He maintained that increased investment will help materialize the vision of prosperous Pakistan.

The Prime Minister expressed these views while talking to Mr. Saleem H. Mandviwala, Chairman, Board of Investment (BOI) who called on him at PM’s House today.

The Prime Minister asked the Chairman, BOI to accelerate the pace of expansion of Pakistan Steel Mill. He maintained that balancing, modernization, revamping and extension of the Steel Mill with technical assistance from Russia will enhance the current capacity of Pakistan Steel Mills and help transform it into a profit generating entity.

The Prime Minister stressed upon the need to channelize the warmth about Pakistan in the political and commercial spheres of neighbouring countries for more meaningful economic interactions and to attract investment in all the sectors including power and energy sector.

Chairman, Board of Investment apprised the Prime Minister about International Economic Forum held in St. Petersburg, Russia recently. He informed that during the International Economic Forum in St. Petersburg, the Minister for Commerce and Industry of India Mr. Anand Sharma conveyed to him that he intends to invite the high power delegation of Pakistani businessmen and industrialists to Indiato boost the economic ties between the two neighbouring countries.

Chairman BOI further communicated that he has invited the Minister for Economic Development of Russia, Mrs. Elvira Sakhipzadovne Nabiullina to visit Pakistan.

He also informed the Prime Minister that this year the heads of foreign investments from Italy and Sri Lanka are expected to visit Pakistan. He said that this development reflect pro-investor policies of Pakistan. Chairman BOI also apprised the Prime Minister about the possibility of opening of Branches of Ziarat Bank of Turkey and BTB Bank of Russia in Pakistan in the near future. The ICBC China Bank, he mentioned, has already opened its Branches in Islamabad and Karachi. This trend, he added, reflects the confidence of foreign investors.

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