Aug 25, 2020

Baluchistan Government Establishes Investment Facilitation Center in Islamabad

The Government of Baluchistan has taken a significant step towards economic development by establishing an investment facilitation center in Islamabad, aimed at attracting both local and international investors. Similar centers are also planned in Karachi and Gwadar, marking a strategic effort to boost industrial, commercial, and tourism sectors in the province.

A Vision for Economic Growth

Under the leadership of Chief Minister Jam Kamal Khan, this initiative is expected to play a crucial role in Baluchistan’s progress. The federal government is also expected to support the success of this project by ensuring smooth operations and policy backing.

Key Services and Investor Benefits

The facility centers will provide a wide range of investment incentives and support services, including:
Visa assistance for foreign investors
Security and No Objection Certificates (NOC)
Business registration and licensing
Travel facilitation for business visits

The Baluchistan Board of Investment and Trade (BBOIT)—the first of its kind in Pakistan—will oversee these initiatives, ensuring efficient investor engagement and representation in high-level discussions, including those with foreign delegations.

Collaboration with Key Federal Agencies

The Islamabad facilitation center will help foster close working relationships with important federal bodies, such as:

  • CPEC Authority (China-Pakistan Economic Corridor)
  • Federal Board of Investment
  • Ministry of Commerce & Industry

A Much-Needed Initiative for Sustainable Development

Had similar measures been implemented earlier, Baluchistan could have achieved remarkable economic milestones. Moving forward, it is essential to establish long-term investment policies that can be carried forward by future governments to ensure sustained economic growth and regional stability.

Final Thoughts

This investment initiative reflects a new era of economic potential for Baluchistan, bringing opportunities for investors while accelerating the province’s development. By creating a business-friendly environment, Baluchistan is positioning itself as a key player in Pakistan’s economic future.

No comments:

Post a Comment