The Investment Board suggests investing in Pakistani startups

Noor Haider
Fareena Mazhar, Secretary of the Pakistan Board of Investment (BOI)
Fareena Mazhar, Secretary of the Pakistan Board of Investment (BOI). Photo credit: Facebook Page of BOI

In the past year, Pakistan’s startup ecosystem has attracted almost $350 million, Fareena Mazhar, Secretary of the Pakistan Board of Investment (BOI), revealed during a speech to the Pakistan Pavilion at Expo 2020 Dubai.

Of note: Fareena Mazhar mentioned that Pakistan has significantly improved its ranking in the “Ease of Doing Business” category by 70 positions among startups. Now, foreign investors can get a license in Pakistan in just four hours.

You should know: Board of Investment is working on ways of providing incentives to investors, said the secretary. Such as:

  • Nationality for investors.
  • Office in China to facilitate joint ventures.
  • Tax exemptions for investment in the Special Economic Zones.

Zoom Out: Despite the Covid-19 pandemic, Pakistan’s economy managed to cope and did not suffer nearly as badly as other countries in the region. Start-ups have paved the way for global investment. The Pakistan Pavilion at expo 2020 Opportunity District will feature a series of seminars by the Board of Investment called “Invest Pakistan”.

Before you go: The figure stated above has only been reported for the purpose of this story. The actual figure is around $300 million.


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