The draft bill has been prepared by the Board of Investment (BOI) and is circulated for input of all relevant federal and provincial stakeholders. The investment board observed that “media and manufacturing of consumable alcohol” sectors would not be opened for foreign investment. The foreign investors will have the freedom to manage their businesses and they will be given Most Favoured Nation (MFN) status. The proposed investment law will consolidate such provisions and treatment to foreign investors will not be less favourable than accorded to local investors. The investment board declared that efforts will be made to bring more clarity for investors in the proposed investment law.

Source: The Express Tribune August 05, 2020 04:52 UTC