Islamabad: Secretary Board of Investment (BoI) Fareena Mazhar on Thursday (October 21) said Pakistan is planning to renegotiate bilateral investment treaties (BIT) in accordance with the new template developed by the government, news sources reported.
In this regard, the government is forming a new framework and reforms with the help of the United Nations Conference on Trade and Development (UNCTAD). Speaking at the World Investment Forum’s International Investment Agreement’ Conference, Secretary Fareena stated that bilateral investment treaties (BITs) partners have reached agreements with Pakistan on several fronts.
Furthermore, Fareena stated that Pakistan has currently signed 53 Bilateral Investment Treaties (BITs) with various countries, of which 32 BITs are in force, five have been cancelled, and 16 have been signed but are not in force. It was highlighted that to protect sustainable development and enhance outcomes for partners, the government has created a new BIT template with the assistance of globally recognised experts and UNCTAD.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
