Foreign investment to bring economic stability: Chairman BoI

ISLAMABAD: Chairman, Board of Investment (BoI) Mohammad Zubair has said that the government wants to bring foreign investment for the economic stability and prosperity in the country.

He said that the government is concentrating on revenue generation, increase exports, investment and remittance in the country to revive the country’s economy.

Zubair said that Japanese Company Yamaha has decided to invest 150$ million for establishing its plant in Pakistan, which will encourage other famous brands to invest in the country.

Chairman BoI said the government has short and long term plan for economic stability and prosperity of the country.

Talking to a private television channel, he said, “We have introduced the economic reforms for boosting the country’s economy.

He added that long term planning would imperative for sustainable economic growth in the country and to improve the financial condition of common people.

Replying to a question, he said that all steps are being taken by the government to attract direct foreign investment for the development of local industry.

He added that the local industry would have to introduce modern technology to get the benefits of new policy formed by the government.

He said that peace in the country would be essential to enhance the foreign investment in the country for economic growth.