Ayesha Saba

In a significant move to effectively implement the Pakistan Investment Policy 2023 (PIP), the Board of Investment (BOI) is going to launch the “investor aftercare initiatives” to help safeguard and nurture supply chains in the country's key investment projects. According to a PIP document available with WealthPK, the government will provide targeted “investor aftercare initiatives” to key investment projects and their leading local suppliers through higher level and coordinated linkages to preserve and develop supply chains. The “investor aftercare initiatives” will support investors in applying incentives, addressing problems and implementing investment projects. Talking to WealthPK, Ambreen Iftikhar, additional secretary of the BOI, said Pakistan was determined to continue with attractive investment policies and measures.

“Pakistan benefits from a strategic location, abundant natural resources, a large and skilled workforce and maintains a liberal investment regime.” She stated that the BOI's 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. “Through a dedicated support system, the BOI will offer personalised assistance, guidance, and facilitation to investors, ensuring their long-term success and profitability in Pakistan.” She said that recognising the value of maintaining robust supply chains, especially in sectors crucial to Pakistan's economy, the BOI has taken proactive measures to continuously support investors even after their initial investment.

“By introducing these specialised initiatives, the BOI aims to preserve and develop supply chains, ultimately leading to increased productivity, improved efficiency, and economic prosperity for the country,” Ambreen Iftikhar said. She added that 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 unveiling of these strategic initiatives signifies a significant step for Pakistan in forging stronger supply chains and realising their immense economic potential.” “The BOI's commitment to providing targeted investor aftercare initiatives will not only attract investments but also nurture and sustain them, marking Pakistan's ambition to cultivate an investor-friendly climate. “With these initiatives, Pakistan is taking a substantial leap towards economic transformation and global recognition as a key player in the investment landscape,” the BOI additional secretary said.

Credit: INP-WealthPk