Government to facilitate foreign investment: Dar

ISLAMABAD: Federal Minister for Finance, Senator Muhammad Ishaq Dar hassaid that government is committed to facilitate foreign investment in the country and shall ensure that a smooth process is laid out to facilitate investment in the country.

Talking to Managing Director Yamaha Motors Pakistan, ITO Yasushi who called on him here Monday, the minister regretted the delay caused in the installation of its plant in Pakistan.

Senator Ishaq Dar said that the government supports and welcomes Foreign Direct Investment (FDI) for the economic development of the country.

ITO, Yashushi informed that he has been running from pillar to post for the last four years to install a Yamaha Motorcycle Plant in Pakistan.

It was only recently when the present government assumed power that the process has been accelerated, he added.

The minister said that seriousness of the government can be gauged from the fact that it wants BOI to function as a one-window operation for foreign investors and has appointed a senior party colleague as its chairman.

The Finance Minister assured the Managing Director Yamaha that the case of Yamaha Motors will be taken up in the next meeting of Economic Coordination Committee which will meet shortly and resolve all issues so that the plant can be installed in the country without further delay.

Chairman Board of Investment (BOI), Zubair Omar, Chairman Federal Board of Revenue, Tariq Bajwa and senior officials of the Ministry of Finance also attend the meeting.