Atif Bukhari appointed as BoI chairman

ISLAMABAD: The government has approved to appoint Atif R Bukhari as new Chairman Board of Investment (BoI). The federal cabinet through circulation of summary approved his name as the new Chairman Board of Investment.

Earlier, three chairmen of the Board of Investment had resigned during the last 18 months rule of this government including Naeem Zamindar, Haroon Sharif and Zubair Gillani. Atif R Bukhari is former banker who is currently serving as member of Board of Directors of State Bank of Pakistan (SBP) since 2018 and his tenure would end in 2021.

Similarly, there were three other BoI chairmen who had resigned without completing their tenures including Naeem Zamindar, Haroon Sharif and finaly Zubair Gilani mainly due to differences with the PTI’s economic team. Naeem Zamindar was appointed as Chairman BoI during the tenure of PML-N-led regime and the caretaker continued with him as Chairman BoI. It was during the Zamindar’s tenure when the spade work for World Bank’s Ease of Doing Business was initiated that was ultimately recognised in the last year leading to improving Pakistan’s ranking by 27 notches in the Ease of Doing Business report.