 |
|
|
 |
|
|
|
Board
of Investment (BOI) |
In order to streamline and co-ordinate the
process of investment and to create an investor friendly
culture in the country, the government established
the Board
of Investment (BOI) as the central investment
promotion and facilitation agency. The Board of Investment
is chaired by the Head of the Government, and overseen
by the Minister for Industries and Production. See
the present Organizational Chart of BOI.
The
main functions of the Board are to promote investment
opportunities in all sectors of the economy and to
provide investment facilitation services to local,
foreign and Overseas Pakistani
investors. The BOI acts as the focal point of contact
between potential investors and all the agencies of
the government concerned with investment proposals
and responsible for providing infrastructure and other
facilities. To strengthen the leverage and effectiveness
of the BOI and to benefit from their experience, Ministers
and Secretaries of critical Economic Ministries are
actively associated with all activities of the BOI.
The
following steps have been taken recently to address
key investment-related issues:
(i)
The Cabinet Committee on Investment (CCOI)
has been formed, headed by the Minister for Finance
and Economic Affairs and tasked exclusively to deal
with matters relating to private sector investment.
(ii)
Recognizing the importance of the investment promotion
process, Provincial Committees on Investment have
been re-constituted, led by the Heads of Provincial
Governments. To ensure close co-ordination between
the BOI and the Provinces, the participation of the
BOI on the Provincial Committees has been ensured.
(iii)
Under an Ordinance, promulgated in March 2001, the
BOI has been restructured to bring in private sector
perspectives and expertise in the day-to-day functioning
of the BOI. The Members of new Board of BOI have been
notified. Out of total 27 members, 11 members are
from private sector.
PAKISTAN'S
INVESTMENT POLICY AT A GLANCE
1. Liberal Investment Policy
2.
Equal treatment to local and foreign investors
3. All economic sectors open for
FDI
4. 100% foreign equity allowed
5. No Government sanction required
6. Attractive incentives package
7. Remittance of Royalty, Technical
& Franchise Fee; Capital, Profits, Dividends allowed
8. Foreign investment fully protected:
9. Foreign Private Investment (Promotion
& Protection) Act, 1976
10. Protection of Economic Reforms
Act, 1992
11. Foreign Currency Accounts (Protection)
Ordinance, 2001
12. Bilateral Agreements:
13. Investment Protection: 43 Countries
14. Avoidance of Double Taxation:
51 Countries
| Structure
of Savings and Investment (As Percent of GDP) |
| Description |
999-2000 |
2000-01 |
2001-02 |
2002-03 |
2003-04
(P) |
Total
Investment
Changes in Stock
Gross Fixed Investment
- Public Investment
- Private Investment
Foreign Savings
National Savings
Domestic Savings
|
17.4
1.4
16.0
5.6
10.4
1.6
15.8
17.1 |
17.2
1.4
15.8
5.7
10.2
0.7
16.5
17.8 |
16.8
1.3
15.5
4.2
11.3
-1.9
18.6
18.1 |
16.7
1.9
14.8
3.6
11.2
-3.8
20.6
17.4 |
18.1
1.7
16.4
4.7
11.7
-1.7
19.8
17.6 |
INVESTMENT
INDICATORS
2003-2004
| FOREIGN
DIRECT INVESTMENT CLASSIFIED BY ECONOMIC GROUPS |
| (
Million US Dollars ) |
| |
February |
July-
February |
| ECONOMIC
GROUPS |
2003 |
2004 |
2003 |
2004 |
Food
Beverages
Tobacco & Cigarettes
Sugar
Textiles
Rubber & Rubber Products
Paper & Pulp
Leather & Leather Products
Chemicals
Petro Chemicals
Petroleum Refining
Mining & Quarrying
Oil & Gas Explorations
Pharmaceuticals & OTC Products
Cosmetics
Ceramics
Basic Metal
Metal Products
Machinery other than Electrical
Electrical Machinery
Electronics
i) Consumer / Household
ii) Industrial
Transport Equipment(Automobiles)
i) Motorcycles
ii) Cars
iii) Buses,Trucks,Vans & Trailors
Power
i) Thermal
ii) Hydel
Construction
Trade
Transport
Tourism
Storage Facilities
Communications
1) Telecommunications
2) Information Technology
i) Software Development
ii) Hardware Development
iii) I.T.Service
3) Postal & Courier Services
Financial Business
Social Services
Personal Services
Others |
0.4
-
-
-
0.5
-
-
0.1
0.4
-
-
0.1
11.9
0.3
-
-
-
-
-
1.0
0.4
0.2
0.2
-
-
-
-
3.0
1.2
1.8
1.0
2.7
7.0
-
0.1
0.6
0.1
0.5
0.2
-
0.2
-
2.0
-
2.0
0.8 |
0.2
0.1
-
0.2
0.5
-
-
-
0.6
0.1
5.4
0.1
16.5
1.6
-
0.1
-
0.1
-
-
0.4
0.4
-
0.1
-
0.1
-
1.5
1.5
0.1
1.6
2.6
1.9
-
-
1.1
0.3
0.8
0.3
0.1
0.5
-
4.3
-
1.7
4.6 |
4.2
0.8
-
0.8
21.4
-
1.3
0.9
79.7
0.7
2.1
1.1
125.3
4.8
0.1
-
0.1
0.1
0.4
8.5
3.6
2.4
1.2
0.3
-
0.2
0.1
25.8
6.9
18.9
9.4
29.8
58.2
0.1
0.7
19.8
12.7
6.2
2.6
0.9
2.7
0.9
211.1
0.2
12.3
6.9 |
2.7
0.2
0.3
0.4
26.1
-
1.6
0.2
12.4
0.8
48.8
0.5
135.6
6.9
-
0.1
0.1
0.5
0.6
6.1
3.9
3.4
0.5
1.5
-
1.3
0.2
13.8
7.6
6.2
17.6
18.9
5.6
-
-
11.4
2.7
8.4
3.7
0.7
4.0
0.3
38.5
0.4
10.2
17.9 |
| TOTAL |
34.2 |
45.3 |
630.7 |
384.8 |
| NET
INFLOW OF FOREIGN PRIVATE INVESTMENT* |
| (
Million US Dollars ) |
| |
February |
July-
February |
| COUNTRY |
2003 |
2004 |
2003 |
2004 |
U.S.A
U.K.
U.A.E.
Germany
France
Hong Kong
Italy
Japan
Saudi Arabia
Canada
Netherlands
Korea
Singapore
China
Australia
Switzerland
Others |
1.3
6.1
1.3
0.2
-
0.1
-
0.4
3.5
0.1
0.3
-
0.1
0.1
-
-0.1
8.8 |
18.8
5.1
8.6
0.3
0.1
0.8
0.1
0.7
0.3
-
1.4
0.1
0.3
1.4
0.1
1.0
5.6 |
163.8
187.0
113.8
2.1
2.2
-0.7
-
11.2
28.7
0.6
3.1
0.6
2.1
0.9
1.7
31.4
91.6 |
169.4
61.6
53.7
0.6
1.6
-1.3
0.2
6.1
0.3
0.2
7.2
-8.7
-2.5
9.7
1.3
0.6
51.2 |
| TOTAL |
22.2 |
44.7 |
640.1 |
346.2 |
2000-01
Fiscal Year (July
– June)
|
1999-2000 |
2000-01 |
Growth of Gross
Total Investment
Growth of Gross Fixed Investment
Growth of Gross Private Fixed Investment |
-3.6%
1.6%
-11.6% |
8.6%R
7.8%R 13.2%R |
Total Foreign Investment (mn US$)
Of which: Portfolio Investment
Foreign Direct Investment |
543.4
73.5
469.9 |
182
-140.4
322.4
|
FDI Shares by sector:
Power
Chemical, Pharm. & Fertilizer Construction
Mining & Quarrying – Oil exp.
Food, Beverages & Tobacco
Textile
Transport, Storage & Comm.
Machinery other than electrical Electronics
Electrical Machinery Financial Business
Trade
Petrochemicals & Refining Tourism/Paper & Pulp
Cement / Sugar
Other |
14.3%
25.5% 4.5% 17.0% 10.6% 0.9%
6.6%
0.7%
0.5%
0.3%
6.3%
1.6%
2.6%
0.1%
1.3%
7.2% |
12.5%
18.2% 3.9% 26.3% 14.0% 1.4% 25.3% 0.1% 0.9%
0.7% -10.8% 4.1% 2.7% 1.7% 4.7% 4.3% |
FDI Shares by Country:
USA
United Kingdom
UAE
Germany
France
Hong Kong
Italy
Japan
Saudi Arabia
Canada
Netherlands
Korea
Others |
35.5% 36.0% 1.2%
2.2%
0.3%
0.2%
0.1%
3.8%
6.1%
0.0%
2.3%
2.0% 10.3% |
30.1% 31.1% -3.1% 8.4% 0.4%
-7%
0.6%
5%
30.1% 0.2% 1.8% 2.0% 0.3% |
|
Manufacture, output index (1980-81=100) |
269
|
|
Selected Industrial Out Put:
Fertilizer ('000 tonnes)
Cement ('000 tonnes)
Chemicals ('000 tonnes)
Pig Iron ('000 tonnes)
Tractors (Units)
Cars (Units) |
Paper & Paper Board ('000 tonnes) |
4,707.9 9,314
450
1,107 35,038 21,790 435.4 |
5,141.7 9,674
435 1,071.2 32,413 27,560 531.1 |
|
Agriculture Corp index (1980-81=100) |
168
|
164
|
Stock Market Indicators: KSE-100 index (Nov.1991=100)
SBP General index (1990-91=100) SBP Turnover index of Shares Market Capitalization (bn. Rupees) Turnover of Shares (mn. Rupees) |
1,520.73
128.8
156.0
391.860 48,108 |
1,366.43
118.72
339.3
28,854.25 |
Yearly
Balance of Trade
|
|
|
| Sources |
|
|
