Section 9: Functions of BOI

9. Functions of BOI.__ (1) Notwithstanding anything contained in any law the BOI shall__ (a) from time to time, review the national investment policy and laws, and propose any amendments, modifications and relaxations therein it may deem appropriate to the Cabinet for approval; (b) initiate and consider sectoral investment proposals and categories of investment which may require specific treatment and propose such sectoral incentives or conditions or criteria requiring rationalization of existing policies; and (c) be associated by the Federal Government in the formulation of all policies that may have an impact on investment in Pakistan, including inter alia, economic, fiscal and trade policies; (d) identify and promote the investment opportunities in different sectors and their promotion in Pakistan and abroad; (e) co-ordinate with concerned Ministries, Departments, agencies and Provincial Governments with regard to policies and their implementation having impact on investment; (f) provide one window facilities for provision of all services and utilities to investors by concerned Federal and Provincial Agencies; (g) deal with matters relating to National Industrial Zones as may be referred to it by the Federal Government; (h) monitor the progress of investment programmes and projects at all stages and ensure, through inter-agency and inter-provincial coordination, prompt implementation and operation; (i) review investment promotion plans, formulate institutional arrangements, make transparent and simplified procedures and guidelines for investment promotion; (j) appraise, evaluate and process all investment proposals and projects received from the investors for submission to the Cabinet or a Committee of the Cabinet or the Board; (k) appoint commissions, expert bodies and consultants to study various aspects of attracting investment in all sectors and improving the investment climate, procedures and other related matters; (l) maintain a data-base of investment projects in the private sector that involve local and foreign capital; (m) negotiate and finalize agreements for protection and promotion of investment with other countries and represent Pakistan on regional and international organizations pertinent to investment promotion; (n) liaise with private sector trade bodies and associations for their active participation in promotion of investment; (o) collect, compile, analyze, maintain and distribute investment-related information and, from time to time publish periodical analytical reports in investment trends; (p) promote a congenial environment for investment by ensuring de-regulation and other measures to remove obstacles to investment; (q) develop a marketing, image-building and public relations strategy to generate interest in the potential and opportunities of the Pakistani market, and publicize its activities; (r) communicate all major important administrative, financial and policy matters to the management of business undertakings falling within the purview of the investment policy approved by the Government; (s) establish Overseas Commissions consisting of prominent overseas Pakistani entrepreneurs and other individuals to act as investment promotion counsellors purely in an honorary capacity; (t) consider individual investment proposals and categories of investment which require special treatment and recommend, where appropriate, additional incentives or relaxation of conditions or criteria required under existing policies; (u) from time to time, determine and review the scale of fees and charges for services provided to the investors by it; and (v) any other function assigned by the Cabinet and the CCOI.

Effective date: 2001-01-01

Related sections