Fozia Azam

In a landmark move, the Board of Investment (BOI), under the Pakistan Investment Policy 2023 (PIP), is all set to launch the ”investor aftercare initiatives”aimed at safeguarding and nurturing supply chains in the country’s key investment projects. According to the draft copy of the Pakistan Investment Policy 2023 (PIP) available with WealthPK,the Initiative will be a strategic approach which underscores Pakistan’s commitment to attracting and retaining investors by ensuring a conducive business environment that fosters sustainable growth and development. With the targeted “investor aftercare initiatives,”the BOI aims to position Pakistan as an attractive investment destination, taking the country’s economic growth to new heights. By nurturing and developing supply chains, this forward-thinking approach will ensure that investments are not only protected but also flourish in a mutually beneficial partnership between the investors and the host country. The new “investor aftercare initiatives”will encompass a range of services tailored to address the unique needs and requirements of individual investment projects.

Through a dedicated support system, the BOI will offer personalized assistance, guidance, and facilitation to investors, ensuring their long-term success and profitability in Pakistan. Recognizing the value of maintaining robust supply chains, especially in sectors crucial to Pakistan’s economy, the BOI has taken proactive measures to continuously support and facilitate investors even after their initial investment. It is believed that by introducing these specialized initiatives, the BOI aims to preserve and develop supply chains, ultimately leading to increased productivity, improved efficiency, and economic prosperity for the country. An integral component of this initiative is to establish a strong communication channel between the BOI and the invested businesses. Experienced investment advisors will be assigned to specific projects, ensuring that a direct line of communication is always available to resolve any issues that may arise. This hands-on approach will provide the investors with invaluable support and guidance, ultimately enhancing investor confidence and smoother operations within supply chains.

Under the said initiative, the BOI will also collaborate closely with other relevant governmental and non-governmental entities to promote a harmonious working relationship between investors and local stakeholders. To strengthen supply chains, the BOI will facilitate networking events, business partnerships, and collaborations among investors, local companies, and government institutions. These interactions will help foster an ecosystem that cultivates seamless flow of goods and services, promotes knowledge-sharing, and encourages value addition within domestic supply chains. Furthermore, in keeping with the digital age, the BOI is leveraging technology to create an online platform to enhance transparency, efficiency, and accessibility for investors. The platform will serve as a one-stop-shop for relevant information, updates, and streamlined administrative services, facilitating investors with an efficient interface to access government agencies responsible for regulatory compliance.

Experts believe that the BOI’s relentless efforts toward improving the investor support infrastructure underscore the government’s commitment to promoting a business-friendly environment that encourages and acknowledges the critical role investors play in driving the economy forward. These initiatives are expected to promote job creation, attract foreign direct investment (FDI), and enhance competitiveness in the global marketplace. Through enhanced collaboration, transparent governance, and comprehensive support, the BOI’s‘ investor aftercare initiatives’ can help transform supply chains into resilient economic pillars of growth and development, placing Pakistan firmly on the map as a top investment destination. The BOI’s commitment to providingtargeted “investor aftercare initiatives”is a testament to Pakistan’s ambition to cultivate an investor-friendly climate that not only attracts investments but also nurtures and sustains them. With the unveiling of these strategic initiatives, Pakistan takes a significant step towards forging stronger supply chains and realizing its immense economic potential.

Credit: INP-WealthPk