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Summary Chairman BOI Saleem H. Mandviwala said Pakistan would sign treaties with US and Canada this year.
In an interview with a private news agency, Chairman Board of Investment (BOI) Saleem H. Mandviwala said the signing of investment treaties with United States and Canada is an important development for Pakistan which would be signed till end December this year.To a question, he said the recently passed Bill of Special Economic Zone was a milestone in the history of Pakistan which would help the country to attract foreign direct investment and encourage local investors as it provides legal cover to their investments.Chairman BOI said the establishment of Special Economic Zone will attract both domestic as well as international investors. Some of the investor countries like Korea, China and Japan were expecting to benefit from scheme as soon as it became operational. He said provincial governments would be requested to start the process as soon as rules were framed.He further said that the SEZ bill will help create an industrial cluster with liberal incentives, infrastructure, investor facilitation services to enhance productivity and reduce cost of doing business for economic development and poverty reduction.
