ISLAMABAD: Dr. Miftah Ismail, State Minister and Chairman, Board of Investment (BOI)has said that the government is encouraging the private sector for setting up industries specially in steel manufacturing in Pakistan
He was talking to a Chinese delegation consisting four members from Jude Long Steel Power Group, China alongwith Abbas Akbar Ali ,Chief Executive Officer (CEO), M/s Amreli Steels Limited, which visited Board of Investment and had a meeing with Minister of State and Chairman, BOI
The Chairman highlighted the investment potential and opportunities available for Chinese investors in Pakistan specifically in tower manufacturing sector of Pakistan.
Chairman BOI said that laws have been tailored to safeguard and ensure protection of investments. The foreign investment is fully protected under the Foreign Private Investment (Promotion & Protection) Act, 1976, and Protection of Economic Reforms Act 1992.
On the occasion Abbas Akbar Ali Chief Executive Officer (CEO), M/s Amreli Steels Limited informed that Amreli Steels Limited is one of the largest manufacturers of Steel Reinforcement Bars and further interested in setting up of plant for tower manufacturing in Pakistan.
He told the meeting that this project will create approximately 2000 jobs directly. He informed that there are some difficulties faced for setting up of our tower plant in Pakistan specifically procedural difficulties. MOS/Chairman, BOI assured them for full support from all concerned like NTDC, M/O Water & Power etc.