August 15, 2022: Prime Minister Shehbaz Sharif formed a committee on Monday to resolve the issues facing foreign investment firms, particularly related to the Gwadar Free Zone.
The commission will submit a comprehensive report with recommendations to the prime minister within 10 days.
Prime Minister Sharif, who chaired a high-level meeting on investment, said China’s investment companies would be given priority facilities.
He ordered to remove barriers in issuing visas to Chinese personnel without any discrimination against the project staff associated with the China Pakistan Economic Corridor with other countries.
The Prime Minister instructed the Investment Council, the Ministry of Planning and the Ministry of Finance to jointly develop a comprehensive plan to promote investment.
The meeting was attended by federal ministers including Miftah Ismael, Chaudhry Salik Hussain, Ahsan Iqbal and advisers Tariq Fatemi, Zafaruddine Mehmood and senior officials.
The prime minister was made aware of the $10 billion investment by companies in energy, infrastructure, railways and other projects.
It was told that in the first phase, an investment of one to two billion dollars was expected in the projects, which would lead to the creation of 45,000 jobs in addition to improving the country’s ‘Ease of Doing Business Index’.
This post PM forms committee to solve problems of foreign investment companies – Mettis Global Link
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