The Board of Investment (BoI) to create $50b FDI opportunities by 2023.

[ghazi52]

BoI to create $50b FDI opportunities by 2023.

The Board of Investment (BoI) is actively pursuing strategies to create opportunities for $50 billion Foreign Direct Investment (FDI) in the country by 2023 under its new investment plan.

Investment opportunities would be created in different sectors including textile, Personal Protective Equipment (PPE), agriculture, agro-industry, automobile, logistics and sports.

Chinese companies have brought $260 million of investment in the Rashakai Special Economic Zone (SEZ) within the steel sector to enhance the productivity and growth in the local industrial sector.

To achieve this BOI has appointed eight honorary investment counselors in different potential regions of China.

BOI has appointed people from business class and other related experiences. This will play an essential role to update the Chinese business fraternity about potential Joint Ventures (JVs), other investment opportunities, and the rewarding incentives offered to foreign investors in Pakistan.

Pakistan acquired the $3 billion FDI in the previous FY year 2020-21 and the government was committed to bringing more foreign investment in the potential sector in 2021-22. So the board of investment is introducing new polices to achieve this goal and bring more FDI to Pakistan.

Source: Express Tribune

 

[Wikki019]

Provide some security and peaceful environment first, foriegn nationals are being massacred here and we are talking about 50 billion dollar FDI

 

[Hyde]

Just as PPP predicted in 2008 that our exports would increase from $20 billion to $60 billion in two years...

PTI and its administered boards are making a lot of claims these days... it's senseless.

 

[monitor]

Pakistan acquired the $3 billion FDI in the previous FY year 2020-21 and the government was committed to bringing more foreign investment in the potential sector in 2021-22

In the year between 20-21 you attracted 3 billion dollar FDI how can you expect to multiply it 16 times within two years . its just hopeless target unless any miracle happened. Or the amount is 50 billion rupees that was report as dollar by the journalist.

 

[Jungibaaz]

I want whatever these folks at the BoI are smoking. 50bn sounds wonderful.

But seriously, look at the wording. They're talking about "opportunities", no idea why this is a headline though.

The Board of Investment (BoI) is actively pursuing strategies to create opportunities for $50 billion Foreign Direct Investment (FDI) in the country by 2023 under its new investment plan.

 

[Baz2020]

I contacted BOI to get some information. They are using Gmail addresses for emails. Never respond either. Pathetic

 

[Syed1.]

Just as PPP predicted in 2008 that our exports would increase from $20 billion to $60 billion in two years...

PTI is making a lot of claims these days... it's senseless.

First of all BoI is a government of Pakistan institution and not 'PTI'. Secondly they are talking about cumulative FDI opportunity till 2023. Heck there is 'opportunity' of over $30b even now in just the power sector.


Maybe 'senior moderator' here can explain why PML-N took exports from $25b in 2013 to......... wait for it............ $25b in 2018. Wow what massive growth.



Also PTI have delivered on the economic front with exports, remittances, forex reserves, and LSM all at record historic levels.


Seems on PDF any Tom, Dick or Harry can be made 'senior moderator' and strut around as being knowledgeable when their level of knowledge isn't more than some average Joe on the street.

 

[Hyde]

First of all BoI is a government of Pakistan institution and not 'PTI'. Secondly they are talking about cumulative FDI opportunity till 2023. Heck there is 'opportunity' of over $30b even now in just the power sector.


Maybe 'senior moderator' here can explain why PML-N took exports from $25b in 2013 to......... wait for it............ $25b in 2018. Wow what massive growth.



Also PTI have delivered on the economic front with exports, remittances, forex reserves, and LSM all at record historic levels.


Seems on PDF any Tom, Dick or Harry can be made 'senior moderator' and strut around as being knowledgeable when their level of knowledge isn't more than some average Joe on the street.

I am not arguing my brother, I don’t like/favour any political party in Pakistan. The same BoI has projected so many things in the past that I don’t take them seriously anymore. Basically they have good intentions but they come with unrealistic figures.. so unrealistic that it feels like a joke

our FDI is dropping since the era of Musharraf and if they aim growth target of 10-15% may be it is believable even though nobody is willing to invest in Pakistan and our FDI keep dropping below 2 billion usd every now and than.. we really struggle to maintain it at 2.5 billion usd… when it starts dropping and comes under 1:5-2 billion on the following year… now when BOI projects growth of 1500% in 2 years what would you say if it’s not a joke?

 

[hydrabadi_arab]

I am not arguing my brother, I don’t like/favour any political party in Pakistan. The same BoI has projected so many things in the past that I don’t take them seriously anymore. Basically they have good intentions but they come with unrealistic figures.. so unrealistic that it feels like a joke

our FDI is dropping since the era of Musharraf and if they aim growth target of 10-15% may be it is believable even though nobody is willing to invest in Pakistan and our FDI keep dropping below 2 billion usd every now and than.. we really struggle to maintain it at 2.5 billion usd… when it starts dropping and comes under 1:5-2 billion on the following year… now when BOI projects growth of 1500% in 2 years what would you say if it’s not a joke?

You are not reading. $50b FDI opportunities will be created. Since Musharraf we had to deal with Reko diq case which have scared away foreign investors.

What BOI is trying to do is reforms and change laws. Its not just because of security.

 

[ejaz007]

Our security situation is deteriorating. The first thing foreign investor needs is security.

Second most important thing is continuity of policies which does not happen in Pakistan.

Third important thing is cost of manufacturing which is going up in Pakistan. Cost of raw material, electricity, gas, fuel is going up.

Fourth is the political stability in the country.

Unless these matters are not taken seriously FDI won't increase.

 

[hydrabadi_arab]

Our security situation is deteriorating. The first thing foreign investor needs is security.

Second most important thing is continuity of policies which does not happen in Pakistan.

Third important thing is cost of manufacturing which is going up in Pakistan. Cost of raw material, electricity, gas, fuel is going up.

Fourth is the political stability in the country.

Unless these matters are not taken seriously FDI won't increase.

Honestly its not security alone. Look Pakistan security since 2014 is 10 times better, just look at number of terrorists attacks. Karachi is now peaceful. Punjab and Karachi are 90% of Pak GDP and both have little security issues.

Yet FDI is same as it was in 2014. Problem lies somewhere else. Looks like rentier state elites dont want FDI. They dont want foreign investors, its simple. There has been no reform to attract FDI. Lets see where BOI claims are in few years.