PSEZs to increase FDI

ISLAMABAD: Prioritised Special Economic Zones (PSEZs) would provide immense opportunities to the foreign investors and increase Foreign Direct Investment (FDI) in the country.

“Pakistan has immense potential for rendering connectivity to international investors with regional and international market for industrial growth,” Board of Investment (BoI) secretary Azhqr Ali Chaudhry said after a Chinese delegation visited the PSEZs on Thursday.

He said nine prioritised industrial zones proposed for high tech industry were meant to enhance exports and create employment opportunities for the people of the country. BoI secretary said the PSEZs Cell had been furnished in contemporary corporate style, and would be equipped with state-of-art facilities.

The PSEZs would also be established in Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Northern Areas and Federally Administrated Tribal Areas. He said BoI was a regulator which facilitated foreign investors for establishing National Industrial Parks (NIP) in the PSEZs.

He said the first PSEZ has already been established in the building of Faisalabad Chamber of Commerce and Industry. “Priority of BoI was to reviving the confidence of foreign businessmen to ultimately boost foreign investment in the country,” he said, while adding that Pakistan has one of the most liberal foreign investment regimes in South Asia.