The Board of Investment (BOI) has prepared a draft of a five-year (2013-2017) investment plan to boost the inflow of foreign and local investment. The draft has been circulated in federal ministries and attached departments for their comments. Sources said on Saturday the draft would shortly be presented in the Cabinet for approval.

This is the second time the board had submitted such long-term plan to enhance the declining foreign direct investment in the country. In 2008, the former Chairman of BOI Senator Waqar Ahmed gave a five-year investment plan, which set a target of $25 billion for FDI. But the plan was shelved after he left the ministry.

Copyright Business Recorder, 2013