Shahbaz Sharif reviews re-organization of Punjab Board of Investment & Trade

Lahore: Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here today which reviewed different proposals regarding re-organization and reforms of Punjab Board of Investment & Trade.

Addressing the meeting, Shahbaz Sharif said that it is basic responsibility of the Board to promote investment and strengthen economy of the province. Therefore, it will have to carry out work with uniqueness and innovation for the promotion of local and foreign investment in the province as Punjab Board of Investment & Trade has a key role in strengthening of economy in Punjab, he added.

Shahbaz Sharif said that clear roadmap is necessary for achieving the targets for enhancing local and foreign investment; therefore, board officials should adopt a clear roadmap and ensure its implementation. He said that a close contact should be maintained with concerned departments of Punjab government so that achievement of fixed targets could be ensured within the stipulated period.

He said that increase of investment will not only result in enhancing economic activities but also create new job opportunities. He said that Board of Investment & Trade has to work in an active and vibrant manner for promoting investment; therefore, it should work hard for strengthening the economy of the province.

The Chief Minister said that he believes in practical steps instead of lip service. He said that result-oriented steps are vital for promoting investment and providing facilities to local and foreign investors. He said that investment board will have to give results in accordance with latest demands.

He said that there is vast scope of investment in different sectors in the province as Punjab Investment Board has to play its active role with regard to promotion of investment in agriculture, industry, livestock, energy and other sectors. He stressed upon the need to work hard for achieving the targets of enhancing exports of the province. He said that the target of investment of private sector will also have to be achieved at all costs in the province till 2018.

Chief Executive Officer Board of Investment & Trade Amna Cheema gave a detailed briefing regarding promotion of investment. Chairman Punjab Board of Investment & Trade Abdul Basit, Chairman Planning & Development, senior officials of Board of Investment & Trade and former Chairman PBIT Pir Saad Ahsan-ud-Din were present on the occasion.