BOI terms in­vest­ment poli­cies per­fect

The Pak Banker - - 2 National -

IS­LAM­ABAD: Pak­istan's in­vest­ment poli­cies are friendly and bet­ter than neigh­bour­ing coun­tries in­clud­ing, In­dia.

"Our poli­cies are lib­eral and per­fect but the is­sue is their im­ple­men­ta­tion. We reg­is­ter com­pa­nies on fast track ba­sis, " said Saleem Min­di­vi­walla, Chair­man of Board of In­vest­ment (BOI) and Min­is­ter of State, in an in­ter­view.

Pak­istan, he said, was bet­ter than In­dia and ranked 85 out of around 180 coun­tries in con­duct­ing busi­ness.

He said that all the de­vel­op­ing coun­tries have or­ga­ni­za­tions like BOI

with dif­fer­ent names. The main ob­jec­tive of BOI is to bring in­vest­ment re­lated mat­ters in the board in which de­ci­sions are not be­ing made in a con­ven­tional man­ner, he added.

Man­di­vi­walla said that the board re­solved those mat­ters and was in co­or­di­na­tion with the Prime Min­is­ter's of­fice.

"We also ad­dress other is­sues which are not re­lated to in­vest­ment as an in­vestor can have mul­ti­ple is­sues which in­clude law and or­der prob­lems, in­fra­struc­ture prob­lems, elec­tric­ity and other util­i­ties is­sues. We ad­dress mul­ti­ple is­sues in dif­fer­ent ar­eas to fa­cil­i­tate the in­vestors", he re­marked.

High­light­ing the present sit­u­a­tion of the busi­ness and in­vest­ment in Pak­istan and world­wide, he said that cur­rently, the other coun­tries in­vest­ment in Pak­istan was on a de­cline. The gov­ern­ments were pos­i­tively in­ter­ven­ing in busi­nesses be­cause of the over­all slump in the world econ­omy. He ob­served that the whole cap­i­tal­ist struc­ture has failed world­wide. The BOI Chair­man said that it was proved that free mar­ket struc­ture has been un­suc­cess­ful and there was a need of a new struc­ture. -App

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