Saleem H. Mand­vi­wala

Enterprise - - Cover Story -

Mand­vi­wala em­pha­sized that Pak­istan has the ‘po­ten­tial’ to be a real power in the re­gion and the Board of In­vest­ment (BOI) is play­ing its role in driv­ing For­eign Di­rect In­vest­ment as well as help­ing grow the pri­vate sec­tor. He gave the re­cent ex­am­ples of LOTTE and BOSCO that have in­vested in hundreds of mil­lions of dol­lars and BOI played a crit­i­cal role in bring­ing them to Pak­istan. Cur­rently the Board is work­ing with the Ja­panese com­pany YAMAHA to make a sub­stan­tial in­vest­ment in Pak­istan. He shared other new ser­vices launched by the BOI such as online work and visit visa ap­pli­ca­tions as well as ac­cept­ing ap­pli­ca­tions from in­vestors to open branch of­fices in Pak­istan.

Mand­vi­wala also men­tioned the Spe­cial Eco­nomic Zone (SEZ) Act un­der which in­vestors can get a host of ben­e­fits, in­clud­ing: 1. Cor­po­rate In­come Tax Hol­i­day of 5 years for In­vestors and 10 years for de­vel­op­ers of the Zone 2. Duty free im­port of cap­i­tal

goods 3. In­fra­struc­ture and util­i­ties

pro­vided at the zone gate 4. One win­dow fa­cil­ity by BOI within the Zone for fa­cil­i­ta­tion of In­vestors 5. Pro­tec­tion through an Act of Par­lia­ment. He also men­tioned the World Bank’s “Ease of Do­ing Busi­ness Re­port 2011” in which it ranks Pak­istan higher than BRIC coun­tries in most cat­e­gories.

Mand­vi­wala shared many suc­cess sto­ries about Pak­istan’s pri­vate sec­tor in­clud­ing Nes­tle, Toy­ota and En­gro and bank­ing and tele­com in the ser­vices sec­tor. BOI pro­vides a pro­fes­sional onewin­dow in­ter­face for all lo­cal and in­ter­na­tional in­vestors. Its pro­mo­tion strat­egy is not just fo­cused on large or­ga­ni­za­tions and multi­na­tion­als but also on the Small and Medium sized enterprises

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