Finance minister introduces Invest Pak Portal to promote investment

Federal Finance Minister Muhammad Aurangzeb Monday inaugurated the InvestPak portal, saying the government is dedicated to offering greatest assistance to the investors and Pakistan has tremendous investment potential.

Speaking at the opening ceremony, the finance minister commended Jameel Ahmad for the effort, saying the InvestPak portal was the beginning of a new era of investment in the country.

The portal has been developed to attract foreign investment and provide investors with faster access to investment possibilities through a sophisticated digital platform, he added.

Pakistan has huge investment potential in all sectors and InvestPak site would facilitate and expedite the investment process while delivering services according to international standards, Additional Secretary, Ministry of Industries and Production, Muhammad Aurangzeb said on Wednesday.

Now anyone can contribute as low as Rs5,000 through JazzCash app, the finance minister said adding that these investments would be helpful for ordinary investors. He further added that the participation in the Pakistan Stock Exchange has increased and the government is encouraging the youth especially the Gen-Z to look into chances for investment.

He said that digital platforms like InvestPak are a major milestone for the country’s economic development and the private sector plays a critical role in fostering sustainable economic progress.

GOVERNOR, STATE BANK.

Earlier, State Bank Governor Jameel Ahmad said effective efforts are being implemented to promote the investment and added that InvestPak portal will play a crucial role in expanding digital investment in Pakistan.

The platform would enable investors to access investment-related services online more efficiently and transparently, he said.

Jameel Ahmad said that the country’s economy was heading towards stability and the one-window facility provided through the portal would speed up the investment procedures while boosting transparency and convenience through a contemporary digital system.