Aug 25, 2020

The Establishment of Investment Facility Centers in Baluchistan

We are pleased to note that the Government of Baluchistan has taken a proactive step towards establishing a facility center in Islamabad, the federal capital, with the objective of attracting local and international investment to the province. Similar centers are also planned to be set up in Karachi and Gwadar. This initiative, under the guidance of Jam Kamal Khan, is a significant stride towards the development and prosperity of the country's largest province in terms of area. The federal government has a crucial role to play in ensuring its success.

The facility centers will offer investment incentives to investors in the industrial, commercial, and tourism sectors, as well as provide guidance and support. The Chief Minister's assertion that Baluchistan is an ideal location for investment is well-founded, and investors will be actively encouraged and supported. The facility centers will provide a range of services, including visa, security, NOC, registration, and travel facilities for visitors.

The Baluchistan Board of Investment and Trade (BBOIT) is the country's first investment institution of its kind, and the facilitation center in the federal capital will enable effective representation of Baluchistan in meetings with foreign delegations. Close and productive relationships will be established with key federal agencies, including the CPEC Authority and the Federal Board of Investment.

It is worth noting that if such initiatives had been taken in the past, Baluchistan could have achieved significant milestones in terms of development and prosperity. It is crucial to formulate policies that successive governments can follow in the future.

No comments:

Post a Comment