LAHORE - Secretary Board of Investment (BoI) Tariq Iqbal Puri has claimed that foreign direct investment in Pakistan is registering a very positive trend and the investment situation is not as hopeless as being painted by some elements. The Secretary Board of Investment stated this while briefing the LCCI President Mian Muzaffar Ali on investment scenario in Pakistan. LCCI Senior Vice President Tahir Javaid Malik, Vice President Irfan Iqbal Sheikh, former Presidents Tariq Hameed, Mian Mohammad Ashraf, Mian Misbahur Rehman, former Senior Vice Presidents Abdul Basit, Yaqoob Tahir Izhar and former Vice President Sheikh Mohammad Arshad were also present on the occasion. The BoI Secretary said that only because of huge undiscovered potentials in Pakistan and for having a unique food basket, a number of foreign investors are ready to come to Pakistan. Tariq Iqbal Pun said that business community needs to understand that economic issues being faced by the country were not going to stay for long and hopefully the situation would take a positive turn in next eight to nine mouths. He said that the BoI, in collaboration with the government, is finding out sustainable and economically viable solutions to the challenges being faced by the business community. The Secretary said that special attention was being given to law and order and supply of electricity. The restoration of confidence of the business community is another area, which is on the priority list of the government. He said that special economic zones were being carved out to attract direct foreign investment. Speaking on the occasion, the LCCI President Mian Muzaffar Au said that drastic cut in government expenditures and enhanced productivity were the answers to the liquidity crunch. He said that deteriorating law and order situation' was not only spoiling Pakistan's perception but was also discouraging much-needed foreign investment and calls for well directed measures to control the situation which was getting out of hand with every passing day. Mian Muzaffar Au said that government should focus on increasing production on sustainable basis besides exploiting fully the renewable energy resources to cope with the shortage of energy. The LCCI Senior Vice President Tahir Javaid Mahik informed the Secretary BoI that the automotive sector was in bad shape and the local businessmen attached with this sector should be given protection. The former LCCI Presidents Tariq Hameed and Mian Mohammad Ashraf were of the view that a strong liaison between the policy makers and the stakeholders could also be helpful in bringing the country out of mire. He said that the' incentives being offered to the foreign investors by' the Board of Investment should also be given to the local businessmen so that they could be able' to put their money in new ventures. The former LCCI Senior Vice President Abdul Basit called for revival of freight subsidy to give boost to exports as the freight subsidy was making Pakistani exports uncompetitive in the global market which has a huge potential for Pakistani goods, particularly chicken meat. LCCI former Vice President Sheikh Mohammad Arshad stressed the need for identification of the areas for the guidance of the foreign investors besides focusing on manufacturing sector.