Board of Investment (BOI) on Friday launched a portal for investment opportunities in housing sector in Pakistan on its website today, with the objectives of facilitating the foreign companies interested in making investments in the low-cost housing sector and providing an effective one-stop shop solution.
A simple ceremony for launch of this portal was organised at BOI, which was attended by BOI Chairman Atif R Bokhari, Naya Pakistan Housing and Development Authority (NPHDA) Chairman Lt General Anwar Ali Haider, BOI Secretary BOI and other senior officers.
BOI Executive Director General Mukarram Jah Ansari told the meeting that the board envisions making it easier for the interested businessmen to collect all the required information as well as go through the registration processes without any hassle.
Ansari demonstrated how the portal is linking the foreign investors with all relevant government organisations at federal and provincial levels, including BOI for work visas and other services, ministry of interior for overall visa procedures, State Bank of Pakistan for relevant rules and regulations for foreign investors, Securities and Exchange Commission of Pakistan for company registration, Federal Board of Revenue for tax registration and Pakistan Engineering Council for required certifications.
He further highlighted that the incentives given to the investors in housing and construction sector as well as other relevant information, from federal as well as provincial departments, has been made available under the portal.
The present government in Pakistan has accorded the status of industry to construction sector with plan to construct five million low cost housing units over coming five years.
At the end of the presentation, NPHDA Chairman Lt General Haider appreciated BOI in development of the portal.