Islamabad: The United Nations Department of Economic and Social Affairs organized a two-day virtual ‘SDG Investment Fair 2021’ in which Pakistan introduced eight selected projects with high potential to appeal foreign direct investment (FDI) as well as cover Sustainable Development Goals (SDGs), according to news sources.
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Pakistan was represented by Board of Investment (BOI) Secretary, Fareena Mazhar who told the forum about the facilities and services BOI is providing to the investors. Both national and international investors are entertained by BOI to open liaison offices as well as obtaining work visa in the country. BOI currently has USD 14 billion worth of SDG aligned projects in multiple sectors including transport and communication, energy including renewable energy, water supply and sanitation, education, health care and information technology.
The projects presented in two-day fair were selected from a variety of sectors such as infrastructure, hydro power, medical devices development centre, silicon solar PV panels fabrication, production of agriculture drones and smart farms, university technology parks and IT incubation centres across Pakistan.
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The secretary also explained about the flexibility in processes and how ease of doing in Pakistan has been enhanced. She further mentioned that the process of registering a company in Pakistan now only takes 1 day and the country is offering e-visa facility to more than 174 countries in the world. She added that with the launch of Pakistan Single Window (PSW), trade and goods in transit will be facilitated in terms of information, transparency and e-payment system.