Islamabad Chamber of Commerce and Industry (ICCI) urged the government on Saturday to establish a one-window facility in each province as well as at the local chambers of commerce for overseas Pakistanis to facilitate them in making investments in the country.
Overseas Pakistanis were a great assets of the country and many of them were eager to invest here, but problems such as red tape, patwari culture and other factors were holding them back from doing so.
Appreciating the Prime Minister’s incentive package for business community, President ICCI Shaban Khalid said overseas Pakistanis had reportedly sent home an amount of $55.01 billion from 2008-09 to 2012-13, which showed their huge potential to invest in Pakistan.
He said good policies and lucrative incentives be announced to attract their investment, which would benefit the country’s
Khalid said the government should set a practical example by establishing the one window facility, which should be manned by people equipped with new ideas, progressive mindset and technological capability.
They should be empowered to identify those who create hurdles for investors and report about them directly to the highest level of authority so that problem creators are dealt with immediately, he added.
He said chief ministers’ offices and preferably Prime Minister’s office should directly monitor the performance of one window facilities to ensure that best quality services were provided to overseas Pakistani investors.
He said acquisition of land for investment, especially by Overseas
Pakistanis was a cumbersome process in Pakistan and the government should work on making land acquisition for individuals easier for wooing more investment.
The government should also establish special courts for Overseas Pakistani investors to provide them speedy justice in business disputes, as justice delayed is justice denied, he added. app