- ‘At least five multinational hospitality chains are in negotiations with BOI with their investment plans’
ISLAMABAD: Asian Development Bank’s Central West Asia Development Director General Werner E Liepach, along with his delegation, called on Minister of State and Board of Investment (BOI) Chairman Haroon Sharif on Monday to discuss matters of mutual interests.
During the meeting, Haroon Sharif reiterated the prime minister resolve to revive the economy and to make Pakistan a lucrative destination for investors.
Talking about the efforts of the government, he stated that a number of neighboring countries are ready to make long-term investments in Pakistan, adding that at least five multinational hospitality chains are currently in negotiations with BOI with their investment plans.
The BOI chairman also apprised the ADB director general on the areas being focused by the government, including a framework for industrial development, upliftment of special economic zones and moving from traditional industry to export-oriented economy through technology-driven solutions.
He said that ADB could assist the government by providing expert technical advice to BOI as well as by creating a fund to finance and address the shortcomings in the seven existing special economic zones.
The ADB director general on the occasion told Haroon Sharif that his organization stands ready to help Pakistan by bringing in their expertise to formalise different policy frameworks as well as by linking the private sector investments with opportunities in Pakistan.
He said that the ADB team is visiting Pakistan to look for investment opportunities in private ventures.