Lahore -  The Punjab Board of Investment will participate in the G20-WAIPA Conference on Foreign Direct Investment being held at Istanbul, Turkey, on April 27–28, 2015.

PBIT chairman Abdul Basit, who is representing Punjab Board of Investment in WAIPA moot, said that the conference will bring together members of the umbrella organization for national and regional investment promotion agencies – the World Association of Investment Promotion Agencies (WAIPA) – and relevant government officials working on FDI policy and strategy. Moreover, G20-WAIPA FDI Conference Istanbul also expects to gather C-level executives from the private sector as well as experts from academia and civil society.

He said that in the back drop of Chinese president visit to Pakistan and agreement of $46 billion investment in Pakistan we can confidently attract other investors to come Pakistan. “The $46 billion Chinese investment is the beginning of ‘many more such investments of $46 billions’ from other countries and the Waipa conference will provide us an opportunity to convince world renowned companies to come to Pakistan to establish industry at Pak-China economic corridor at lowest cost of transportation for almost half of the consumers of world.”

He said PBIT will ask investors to come forward and explore the huge potential exists in Pakistan which is fast becoming good destination for Foreign Direct Investment (FDI) in South Asia. He said that with extensive natural resources, including oil and natural gas reserves, the fourth-largest coal reserves in the world and potential for hydropower, Pakistan offers marvelous opportunities to the world businessmen.

He said that there are prospects for growth in trade and investment particularly in the field of agribusiness, education, mining for oil and gas exploration, IT & Communications and development of processed foods etc.