The Government has adopted the policies of privatization, liberalization and deregulation of economy in the state ofAJ&K. AJ&K’s Investment Policy for different sectors has been formulated to create an investors friendly environment with a focus on further opening up of the economy to attract foreign direct investment through Pakistan`s departmental agencies and provide equal treatment to foreign and local investors.
To meet the global challenges and international competitiveness effectively, Government of AJ&K has created Special Economic Zones (SEZs) Through Special Economic zone Act 2016, scheme in AJ&K as part of CPEC in the region, which has become basic tool to assist investment policy. The establishment of SEZs will help to attract FDI. The SEZs law will allow creation of industrial clusters with liberal incentives, infrastructure facilities, tax Holidays and investment facilitation services to enhance productivity and ease in doing business through one window operation.
I acknowledge the hard work of BOI officials in achieving these objectives despite going through the difficult times. I wish them success in achieving higher results and working together as a strong team for the benefit of the State.
Syed Zahoor-ul-Hassan Gillani