State Bank of Pakistan (SBP) Governor Jameel Ahmed said that Pakistan should promote investment friendly policy and culture especially for new comer.
“We are included in few countries those who provide 100 percent ownership rights to foreign investors. We didn’t make a difference between local and foreign investors. As well as provide both have equal rights. We also provide convertible rupee account facilities to facilitate foreign investors.”
Pakistani government wants to open new avenue so that investment come in country. They said that they are launching two new projects:
– Micro payment gateway
– Digital banking frame work
On the other hand World Bank Country Director for Pakistan Patchamuthu Illangovan met with Board of Investment (BOI) Chairman Naeem Y Zamindar.
BOI and Finance division has worked closely with collaboration of World Bank to monitor the doing business strategy in federal and provincial level. So that it attracts foreign investors.
Moreover they told that our banking sector has great potential but local investors need to make further investments.
By Talha Pasha