ISLAMABAD - Board of Investment Chairman Mohammad Zubair on Thursday said that BoI is mandated to play an important role in the administration and implementation of the Government’s FDI policy. This he said while talking to a delegation headed by Stephen F Keenan, Sr. Partner / Global Due Diligence Expert, M/s. Helios Core Salutations consortium of M/s. TelcoNet Services Pvt Limited) and Irfan Ali, CEO TelcoNet services (Pvt), Limited when called on the Chairman BoI Mohammad Zubairto to discuss their soft term commercial funding offer for projects in Pakistan.

Talking about the purpose of the meeting, Stephen F Keenan informed that they have offered $1.5 billion to Sindh Engro Coal Mining Company (SECMC) for its Thar Coal Mining and Power Project. The company is in contact with Sindh Engro Coal Mining Company Limited which has offered them to discuss the terms for the proposed financing in detail. Chairman BOI said that BOI is mandated to play an important role in the administration and implementation of the Government’s FDI policy.

It has a strong record of actively encouraging the flow of FDI into the country from local and foreign investors through speedy and transparent processing of applications, SEZ act, Investment Policy and Strategy. The new Government policy initiatives and its top priority are to overcome on energy crisis, security issues and attraction of FDI promotion to put Pakistan on a fast track to attain sustainable economic growth.

The company said that we are aware of the government’s interest in overcoming the energy crisis and to build rapid infrastructure, we understand that government of Pakistan and concerned ministries are exploring funding to expedite development of these projects of high national interest and we would like to support these efforts.