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KARACHI: Federal Minister for the Board of Investment Qaiser Ahmed Sheikh on Saturday said Pakistan must remove key obstacles, including high energy tariffs, delays in sales tax refunds and excessive regulation, to attract greater domestic and foreign investment.
Addressing a meeting at the Korangi Association of Trade and Industry (KATI), he said Pakistan’s business community was dynamic and capable, but sustained investment depended on improving the ease of doing business.
The minister said the government’s priority was to boost exports, adding that sustainable export growth required special attention to Karachi, the country’s commercial hub.
According to a KATI press release, Mr Sheikh announced that a 6,000-acre Special Economic Zone (SEZ) would be established at Pakistan Steel Mills, where investors would receive incentives, including a 10-year zero-duty regime.
