PR No.126 Islamabad: March 15, 2016

Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting here on Tuesday to review the overall situation relating to foreign and domestic investment in the country. Chairman Board of Investment, Miftah Ismail, Chairman FBR, Secretary BOI and senior officials of Ministry of Finance participated in the meeting.

The Chairman BoI, Miftah Ismail briefed the meeting about the incentives being offered to investors as well as the measures being taken by BoI for facilitating them. He stated that investment had started to pick up with the improvement in economic conditions and increased availability of electricity and gas. He stated that borrowing by the private sector had greatly increased over the last two years, which was a healthy trend. The Chairman BOI also suggested various new measures which could be considered for introduction through Budget 2016-17, for enhancement of investment in various sectors in the country.

The Finance Minister on this occasion said that the government was now fully focused on consolidating the economic gains and accelerate growth in the economy. He emphasized that higher investments in industrial sector was essential to create job opportunities for the youth. He directed BoI and FBR to work out the details of further incentives, which could be offered as part of the budget 2016-17.