The Punjab government under the special directions of Chief Minister, Chaudhry Pervaiz Elahi is following an aggressive policy to attract foreign investment, which is being sought at 100-percent ownership and joint venture basis.
Sources told Business Recorder, here on Saturday that the provincial government has taken various measures to provide conducive environment for investment to the foreign companies. The government is also extending all possible facilities to the consortium of the Chinese companies for setting up special economic zones (SEZs) in the province.
According to the sources, the foreign investors are being offered lucrative incentives in the form of reduced taxes, facility of 100 percent equity and 100 percent profit transfer.
It may be mentioned that Federal Minister of Labour Manpower & Overseas Pakistanis Ghulam Sarwar Khan while addressing the two-day stakeholders workshop titled "Sialkot Soccer Ball Industry - Partnership and Ways Forward", conducted jointly by the government and ILO, informed that NIKE has placed a tender for importing 100,000 soccer balls monthly from Pakistan.
The sources claimed that the government is strictly implementing international standards and labour laws pertaining to workers rights and working conditions in the industrial sector.
They further said that there is a lot of interest from individual investors as well as players in global markets to invest in Pakistan and the real challenge for the government is to really step up the pace of its offers such as the upcoming GDRs at a time when the comfort level is so high.
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