The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) capital office has criticized the Board of Investment (BOI) for restraining the business community and not giving importance to issues faced by investors.
FPCCI Coordinator Mirza Abdul Rehman said on Friday in a meeting headed by the secretary that it is board’s responsibility to facilitate the business community. He said that out of 10 speakers, eight were officials of the board though just two speakers were available from the business community.
He said that BOI is discouraging the business community as they were not giving importance to their point of view.
He said there was an overall absence of trust among investors and the relevant authorities, and it has reached on its peak after the Covid-19 lockdown.
“The specific reason of the absence of trust is that we don’t see a lot of interests in the industry or any business aside from the real-estate,” he stated, added that the present situation of the economy gives the clear the indication that the government has to correct their position in this regard and facilitate the business community and improve the climate of investments in the country on a long term basis.
He said that any of chamber or association of the region were not permitted to give a presentation. They were explicitly ignored even during the current critical situation of the economy.
