Turkmen investors want to invest in Pak market

ISLAMABAD: Ambassador of Extraordinary and Plenipotentiary of Turkmenistan to Pakistan Atadjan Movlamov on Tuesday informed that his country’s investors and companies were interested to make investment in Pakistan. Areas including medicine, pharmaceutical, marble, sports and agriculture sectors are most important areas for investment, he said. Atadjan Movlamov, stated this during his visit to Board of Investment where he met Minister of State/Chairman, Dr. Miftah Ismail and Secretary, BOI Iftikhar Babar and discussed the preparations about the proposed one day visit of President of Turkmenistan along with his business delegation and to organize a Business Forum on the sideline of the President’s visit.
Dr. Miftah informed the Turkmanistan Ambassador that laws of investment have been tailored to safeguard and ensure protection of investments in Pakistan. The foreign investment, he said was fully protected under the Foreign Private Investment (Promotion and Protection) Act, 1976, and Reforms Protection Act 1992. The Secretary, BOI highlighted the investment opportunities available in Pakistan like repatriation of 100% profit, dividend and franchise fee was allowed, all sector of the economy are opened to investor.
He added that LPG import from Turkmenistan was also one of the potential area for development of trade and Investment in Pakistan. The investment is also fully protected as per laws”, he remarked.
Minister of State/Chairman, Dr. Miftah Ismail informed the Turkmenistan Ambassador that Board of Investment was planning to invite the business delegation to BOI for proper presentations with highlighting the investment opportunities available in Pakistan specifically in the areas of their interest like pharmaceutical, medicine, mines and mineral, marble, agriculture and sports goods etc. The BOI, he said would also arrange meetings of the delegation with all concerned quarters. APP