ISLAMABAD: Chairman, Board of Investment (BoI) Mohammad Zubair on Wednesday said that all steps are being taken by the present Government to attract foreign direct investment and development of local industry.
He said the local industry would have to introduce modern technology to get the benefits of new policy formed by the government.
He said this while talking to media, after the signing ceremony of new entrant agreement which was signed between Yamaha, Japan and Ministry of Industries in the Board of Investment.
The agreement was singed by Secretary Industries, Shafquat Naghmi from Pakistani side, while Yasushi Ito signed the agreement from Japanese side.
On this occasion the Chairman, BoI highlighted the initiative and credibility of the present Government and investment opportunities available in Pakistan.
Yamaha was also supported by Minister for Finance, Senator Ishaq Dar and Secretary Industries Shafquat Naghami to materialize this mega project for manufacturing of Yamaha motorcycle plant at Karachi.
Mohammad Zubair also said that decision of Yamaha to establish its plant in Pakistan will encourage other famous brands to invest in different sectors of the economy as the country offers more lucrative business opportunities as compared to the regional countries.
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