The Board of Investment (BOI) launched a real estate portal for investors in line with Prime Minister’s special interest in Ease of Doing Business in all sectors in Pakistan.
The Board of Investment (BOI) has launched a portal for ‘investment opportunities in Housing sector in on its website , with the objectives of facilitating foreign companies to invest in the low-cost housing sector and providing an effective One-Stop Shop solution.
The Govt of Pakistan has accorded the status of industry to Construction/Housing sector with plan to construct 5 Million Low Cost housing Units over coming 5 years. BOI is assigned the responsibility to act as focal point of contact, linked through a ‘Portal’ on its website.
BOI Chairman Atif R Bokhari termed the portal “a landmark project” of the government and appreciated the support provided by the Naya Pakistan Housing and Development Authority (NPHDA) team to BOI, enabling them to work in close coordination and develop the portal in accordance with NPHDA requirements.
The portal would link foreign investors with all relevant government organizations at federal and provincial levels, including BOI, for work visas and other services; Ministry of Interior for overall visa procedures; State Bank of Pakistan for relevant rules and regulations for foreign investors; Securities and Exchange Commission of Pakistan for company registration; Federal Board of Revenue for tax registration, and Pakistan Engineering Council for required certifications.
The incentives given to the investors in the housing and construction sector, as well as other relevant information from federal as well as provincial departments, have been made available under the portal.
BOI was assigned the responsibility to act as a focal point of contact, linked through a ‘portal’ with various relevant ministries and organizations, for the assistance of foreign companies and businessmen.