A 'Scope of Work' for strengthening investment climate in Pakistan was signed between Japan International Co-operation Agency (Jica) and Board of Investment (BoI), here on Friday. The agreement was signed by Takatoshi Nishikata, Chief Representative of Jica and Saleem H. Mandviwalla, Minister of State/Chairman, BoI in the presence of officials from the two organisations.
Under the agreed plan, they will conduct a joint survey for investment climate improvement in Karachi. The survey will focus on the industrial area around Port Qasim by identifying the problems and bottlenecks in attracting investment and propose action plans for their solutions. The survey will cover the issues of administrative regulations, permission and authorisation on corporate activities. The scope of the survey will also encompass industrial infrastructure project especially in transportation and power sector.
It is highly predicted that the survey will open vistas of opportunities for foreign investors including Japanese to invest in Pakistani market. Currently, Jica's Investment Climate Improvement Advisor, Masao Nagase is working with BoI by suggesting ways and means for the improvement of investment climate in Pakistan. This April, under the initiative of the Advisor and with the co-operation of BoI, Japanese investors submitted "Problem-Analysis & Solution Action" to BoI which covers the requests from Japanese's investors. To materialise these proposals, the board is exerting maximum efforts to improve investment climate in Pakistan.
The objective of the survey is to support such efforts of BoI. In this connection, a team of experts are scheduled to visit Pakistan by the end of this year and Jica further intends to send Pakistani officials working in BoI on training to Japan for their capacity building and to enhance their horizon regarding investment climate improvement in Pakistan..-PR
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