CPEC offers huge opportunities for foreign investors, says BOI

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Staff Report

ISLAMABAD: The Board of Investment (BOI) on Thursday said that China Pakistan Economic Corridor (CPEC) provide excellent opportunities in various fields for Chinese and Indonesian investors to play their due role in this major economic and industrial project.
The Board of Investment (BOI) presented Investment opportunities in CPEC during a webinar jointly organized by Embassies of Pakistan and China in Jakarta.
Chairman Board of Investment (BOI), Atif Bokhari , Ambassadors of Pakistan and China to Jakarta Xion Qian, Deputy Minister for Coordination and Mining, Chairman KADIN, DG NDRC, Deputy Chairman BKMP, Deputy Director CIECC were part of the webinar, said a press release issued by BOI here.
The event highlighted the achievements of the CPEC as the flagship project of Belt and Road Initiative (BRI) and apprised the audience about the project’s inclusiveness to third party participation.
Addressing the webinar, Minister of State/Chairman BOI, Atif Bokhari appreciated the organizers for holding such a meaningful webinar on CPEC. Atif Bokhari shared that CPEC has entered in its second phase and efforts are now focused on forging Business to Business (B2B) and peer-to-peer (P2P) collaborations in the form of Industrial and socio-economic cooperation.
Briefing about Pakistan’s liberal investment regime, Chairman stated that Pakistan allows 100 percent repatriation of profits, dividends and capital. In addition, Pakistan is actively pursuing development of SEZs and is offering attractive fiscal incentives including 10-year tax holiday on income and custom duty exemption on import of capital goods to both developers and enterprises. He further stated that the Government has launched conducive policies for Electric Vehicle, Mobile manufacturing, Construction sectors in a bid to enhance investment profile of Pakistan. He concluded bwy encouraging Indonesian and Chinese investors to be part of the shared future of Industrialization and economic prosperity. Pakistan Ambassador to Jakarta Muhammad Hassan underscored the importance of the webinar as a meaningful platform that offers an opportunity to all sides to understand and explore potential avenues.