Investment expert apprised about PBIT plans

On the invitation of Punjab Board of Investment and Trade (PBIT), world-renowned expert on investment promotion Carlos Bronzatto spoke at a seminar "Investment Promotion 101". Carlos Bronzatto is visiting Pakistan in the capacity of Chief Executive of World Association of Investment Promotion Agencies (WAIPA).
In his address, Bronzatto proposed a comprehensive way forward for Pakistan to promote its investment opportunities. During the address, he provided an insight about investment evolution, core functions and key concept. He particularly talked about the use of information intelligence to influence investment decisions, incentives for long-term development, targeting of investors and integration of large global corporations with local stakeholders and communities.
Earlier, Chief Executive Officer PBIT, Saadat Muzaffar, welcomed the high-level participants from the government and private sector and said that despite the global economic slowdown, Pakistan is poised to make an economic recovery. He informed that the country's exports are projected at an estimate of 24 billion, which is the highest figure so far. Moreover, remittances in Pakistan are expected to touch USD 11 billion this year and growth rate is estimated at 4.1 percent. Muzaffar expressed that CEO WAIPA's visit has signalled a very positive sign from the international community to support Pakistan's aim to increase Foreign Direct Investment (FDI) in the country.
PBIT is a strategic member of the steering committee of WAIPA and represents South Asia in this committee. It is the first investment promotion agency from Pakistan to be a part of this international organisation. WAIPA was created in 1995 and established as an association under Swiss law. Its members include 244 national and sub-national agencies from 162 different countries. Through its wide range of activities, WAIPA provides the opportunity for investment promotion agencies (IPAs) to network and exchange best practices in investment promotion.