President for further simplifying registration procedure for foreign companies

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ISLAMABAD: President Dr. Arif Alvi Wednesday called for further simplifying the registration procedure for foreign companies to make Pakistan an attractive destination for business and investment.

The president, during a meeting with Pakistani-American diaspora in the IT sector, via video link, urged all stakeholders to address the procedural issues and facilitate foreign investors who wanted to open companies in Pakistan.

He said that Pakistan’s ICT sector had great potential and it was essential to encourage investment in this vital sector by effectively showcasing the opportunities available in the country, particularly to the Pakistani-origin IT investors based in the USA.

The participants of the meeting expressed satisfaction over the progress made by the relevant government organizations in simplifying the registration process for foreign investors.

Executive Director of the Securities and Exchange Commission of Pakistan Khalida Habib told the meeting that the registration process had been made easier via one window operation and companies could now be registered online through the e-services portal of SECP.

Chairman Special Technology Zone Authority Amir Hashmi apprised the meeting that his organization was in the process of developing technology clusters in line with best international practices enabling companies to invest in Pakistan’s ICT sector.

 

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