Pakistan invites auto-sector investment at Expo

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The Federal Board of Investment of Pakistan has invited auto-sector investors to set up business within the country.
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  • The Pakistan government promises a safe and secure environment for foreign investors with legal protection under the Acts of Parliament
  • It also promises investment opportunities in all sectors of economy for foreign investors with 100 percent equity or joint ventures

The Federal Board of Investment of Pakistan organized a seminar on electrical vehicle policy (EVP) and automobile sector at Terra Auditorium at Expo 2020 Dubai on Tuesday, October 5, local reports have said.

Participants from various chambers of the UAE and international auto companies participated in it, said the reports.

SIEMENS Pakistan Managing Director Markus Strohmeier and head of Mitsui Japan in Pakistan Yamashiro Shinsuke were the keynote speakers and guest panelists at the event.

Jamil Qureshi, Director-General of BOI, highlighted the investment regime in Pakistan.

He claimed the Pakistan government was providing a safe and secure environment for foreign investors with legal protection under the Acts of Parliament, with excellent investment opportunities in all sectors of economy for foreign investors with 100 percent equity or joint ventures.

Qureshi is also said to have highlighted the investment opportunities in special economic zones and the automobile sector. The new EVP was also explained to the audience in detail.

Shinsuke shared his experience of working in Pakistan, where his company has been in operation since 1952.

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