ISLAMABAD : The Asian Development Bank (ADB) mission visited Board of Investment (BOI) to explore the government’s interest in preparing the social enterprise and inclusive business development projects in Pakistan.
The ADB intends to support private sector led investment in inclusive business, companies and also government programme to support inclusive business, says a statement here on Thursday.
For this purpose the ADB in its 2016, development assistance programme included an investment project of US$ 30 million for social enterprise and inclusive Business support.
This project is expected to be prepared in 2015 through preparatory technical assistance grant.
The Secretary, Board of Investment, Iftikhar Babar, informed them that the Board of Investment is mandated to promote foreign direct investment and provide facilitation to foreign and local investors and provide one window facilitation etc.
Babar advised them that appropriate and wright forum to be engaged in inclusive business, accreditation is Security and Exchange Commission of Pakistan (SECP) and they may be approached on the issue.
At the end, Babar appreciated their visit to Pakistan and the ADB project aimed at poverty alleviation and job creation for the poor through inclusive business (IB) companies which is a dire need of the day.
He also proposed that the project may focus on vocational training especially to youth of KPK and FATA.
The Secretary also assured them full support of BOI as and when needed.