Pakistan fix $5 billion DFI target

Sialkot: State Minister/Chairman Board of Investment, Saleem H Mandviwalla, has said that government has fixed the target to attain $5 billion Direct Foreign Investment (DFI) in the country. He disclosed this at Sialkot Chamber of Commerce and Industry (SCCI).

He said that in order to attain the set target the government has drawn a special line of action for achieving desired outcomes, adding that strenuous efforts are underway to attract foreign investors in different fields.

He added, 'We have been making special efforts to bring foreign investment in energy and agriculture sectors of Pakistan for the last 30 years to attain sustainable results in long term investment.'

Expressing his confidence he said that the fixed target of DFI would hopefully be achieved easily. The minister revealed that the establishment of 'Special Economic Zones' was on the cards in the country. The government would facilitate the business community in special economic zones, adding that the government would soon announce its formal policy in this regard.

Mandviwalla said that under the programme exporter community could develop special economic zones individually in the country for further accelerating the export activities as well as enhancing the export volume.

The regular functioning of special economic zones would be helpful in the establishment of new industries, which would ensure a strong industrial base while generate wide opportunities employment in the country he said.