KARACHI: The Pakistan Business Forum (PBF) has urged the government to offer a package of incentives, including tax-holiday packages, to encourage expatriates in joint ventures that bring investment opportunities to the country.
However, every effort should be taken to diversify the foreign investments, not only going into the real estate industry but in other sectors as well.
The efforts should be made to fund projects that will improve employment possibilities, boost manufacturing, and engage in value-adding activities, benefiting the government, investors, and the general public.
In a statement, Muhammad Ejaz Tanveer, president of the PBF Lahore chapter stated that, instead of focusing on acquiring fresh loans, the government should urge Pakistanis living abroad to invest in their native country.
He argued that there is a tendency of foreign investors to place their money in the real estate and property sectors because they view them as secure and lucrative.
The government should also assist them to enter the manufacturing sectors so that it may produce more value-added goods, generating more income for the nation and providing jobs to unemployed youth.
Investors should be offered a comprehensive package that may help them save money, get a high return, and support the economy at home, he added.
