Minister of State/Chairman, Board of Investment, Pakistan
Islamabad
Joined September 2020
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Mr. Sherif Abo Elhassan, Managing Director, Elsewedy Electric called on me today to discuss investment opportunities in Pakistan. The Egyptian company recently acquired 100% equity stake in Validus Engineering Pakistan and has plans to boost production capacity to not only..1/3
Another success for @TPL_Insurance as DEG-a unit of German state development bank, acquires 19.9% equity stake in the company. The partnership will strengthen TPL financially & help develop its agriculture & micro insurance segments. This also stands to further develop &..1/2
expand insurance industry in Pakistan. The partnership shows confidence of foreign investors in government policies aimed to boost economic growth. I congratulate TPL Insurance on this collaboration and wish them success in future endeavors. 2/2
@MettisGlobal @appcsocialmedia
Met with business delegation of @EngroCorp led by Mr. Ghias Khan, CEO, to discuss their upcoming project of green field petrochemical integrated complex poly propylene. The billion-dollar project will generate direct & indirect employment opportunities for over 50,000 people..1/3
& will be pivotal for import substitution. Mr. Ghias shared that the prospective project will be valuable for the govt in terms of revenue generation and will promote domestic growth & economy. @investinpak is leading various reform drives that are promoting conducive..2/3
Welcomed Mr. Bilal Akbar, Ambassador designate for Kingdom of Saudi Arabia at BOI. We spoke about progress of implementation of various MOUs with Saudi Arabia & agreed on expediating efforts to ensure that the project timelines are adhered to. We also discussed enhancing..1/3
A delegation of Russian businessmen led by Mr. Sergey Savchuk, CEO, CC RusWelding called on me today to discuss investment opportunities in Pak. The delegation briefed about their projects related to water desalination & conversion of solid waste to energy, which they intend..1/4
on setting up in Karachi. They also spoke about developing an engineering center & said the company is exploring PPP & EPC ventures. I briefed the delegation about various incentives offered to enterprises in #SEZs and encouraged them to establish operations in SEZs located..2/4
Met with Ms. Elena Gomez, Deputy Head of Mission, Embassy of Spain and spoke on areas of mutual interest. We discussed the current bilateral trade volume and agreed on exploring collaboration in tourism, construction and food processing sectors. Given the ample..1/4
Good meeting with Mr. Asad Malik, CEO & President, Amerilodge Group regarding investment in Pakistan's hospitality industry. The US based company specializes in hotel management and own multiple hotels. The company has expressed interest in opening 100-200 room hotels in..1/4
Mr. Sun Yaoguo, Vice President, China Road & Bridge Corporation and his delegation called on me today to discuss the development progress & marketing plans for #rashakai SEZ & other matters of mutual interest. We are actively working towards occupation & operationalization..1/4
of the #SEZ with specific emphasis on relocation of Chinese Industry in the various Special Economic Zones. To that end I have suggested a webinar be held to apprise the Chinese business fraternity about the available incentives & sectors for investment. 2/4
Welcomed H.E. Andreas Papastavrou, Ambassador of Greece at BOI and exchanged views on expansion of bilateral trade and economic relations . I have suggested H.E. assist with provision of technical assistance for olive oil cultivation & production in Pakistan. We also spoke..1/3
Look forward to advancing Pak-US economic partnership.
MOS/Board of Investment Chairman @AtifRBokhari and Amb. @asadmk17 joined #USPBCVirtualSeries yesterday to discuss opportunities in key sectors of #Pakistan's economy and further enhance the U.S.-Pakistan commercial relationship. @investinpak @PakUSTrade @PakinUSA #USPBC
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Had the pleasure to meet Mr. Ali Can Aksu, President Tourism Hotel Managers Association of Turkey (TUROYD) and his delegation today. The association offers specialized services/expertise & investment opportunities pertaining to tourism & hospitality industry. The delegation..1/4
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In line with PM's vision for development of one window operation for Special Economic Zones, I am proud to share that MIS module developed by @investinpak is fully operational. The automation process while ensuring transparency also affords equal opportunity to international..1/4
& local investors to gain admission in the zones. The applications for entry/allotment of land for the second colonized #SEZ in Faisalabad was processed via the module. So far 15 applicants have been approved for operations in The Allama Iqbal Industrial City of Faisalabad..2/4
Productive meeting with representatives of Danish Invesmtent Fund organized by H.E. Lis Rosenholm, Ambassador of Denmark. DIF briefed about their existing investments in Pak's renewable energy, cement & fertilizer sectors. They also expressed interest in further investments..1/3
in renewables & logistics areas. BOI & DIF will jointly explore investment opportunities in potential sectors to enhance economic cooperation between the two countries.
I am thankful to H.E. for organizing the session & have assured of @investinpak support in facilitating..2/3
SVP Menzies Aviation plc along with Shujaat Azeem called on me at BOI today & apprised about signing of a joint agreement with Royal Airport Services. The investment will be instrumental in bolstering Pakistan's aviation industry by way of enhancing services & supporting the..1/3
Pleasure interacting with H.E Lis Rosenholm, Ambassador of Denmark on strengthening bilateral cooperation in various sectors of the economy. We discussed potential joint ventures, equity investments & incentives available to foreign investors in Special Economic Zones. H.E.. 1/4
shared that Danish companies are seeking investment opportunities in the renewable energy sector & are awaiting AEDB's finalization of competitive bidding guidelines in the RE policy. @investinpak will address all investor queries & is open to holding an interactive session..2/4
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Welcomed H.E. Mr. Adam M. Tugio, Ambassador, Republic of Indonesia at BOI today & discussed areas of mutual interest. H.E was briefed about incentives in #SEZs and investment opportunities in the food, IT & tourism sectors. It is heartening to see Indonesian food companies..1/4
Congratulations to @TPL_Insurance on their investment agreement with InFrontier Limited. This investment will increase TPL's market share by way of diversifying its product portfolio & developing technological infrastructures. The equity investment will also benefit TPL..1/2
shareholders & contribute to stock market development. 2/2
@Profitpk @ProPakistaniPK @MettisGlobal @MoIB_Official @appcsocialmedia @dev9_ @DevelopmentPk @PTV_OfficialPk
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A pleasure to have welcomed the newly appointed US Commercial Counsellor, Mr. John Coronado at BOI. He spoke of enhancing mutual cooperation to increase bilateral trade & investment. To that end, we agreed on increasing B2B dialogue between business communities to..1/3
Engaging discussion with Mr. Muhammad Faisal, CEO, KIA-Lucky Motor Corporation Limited about the company’s recent launch & future projects. KIA intends on increasing its investment with plans of production of new models & launch of an electric vehicle. Mr. Faisal assured..1/3
7th Meeting of Board of Approvals for Special Economic Zones (#SEZs) chaired by PM @ImranKhanPTI reiterated its commitment to the country's industrial development to enhance economic growth. To that end, BOA approved SEZ zone enterprise admission & sale/lease of plot..1/4
regulations 2020 & launch of an online SEZ Management Information System Module. The system, an initiative of @investinpak, allows easy access in SEZs to interested investors across the globe. Additionally, sole enterprise status has been awarded to Siddiqsons Tin Plant..2/4
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