Initiative of the Board of Investment (BOI) and the Competitiveness Support Fund (CSF) of the Ministry of Finance.
Objective:
To create a Foreign Investor Council of Pakistan (FIC) as a forum for policy dialogue between the GOP and the Foreign Investor Community with a view to strengthening Pakistan in competing for international investment and promoting Pakistan as a preferred investment location.
To bring together the expertise and experience of top business world leaders of major international companies, and to provide this expertise to the PM and his cabinet in an advisory capacity.
To generate international business opinions on the Government's measures to improve Pakistan’s investment climate.
To increase international visibility for Pakistan’s progress in improving its investment environment.
Modus Operandi
The FIC is designed to be a small, high-level, and informal advisory group, chaired by the Prime Minister, convened once a year for one-day meetings involving off-the-record roundtable discussions.
To prepare for the annual meeting, quarterly meetings will be held with the local representatives of the multinational CEOs.
The Annual Meeting would commence with GOP reporting on reform progress during previous year.
This would be followed by comments from CEOs on reform agenda, proposals for improvement, best practices, competitiveness suggestions and innovative success stories from their worldwide operations.
Annual Meeting would prioritize areas for change, suggest solutions based on practical investor experience, create an atmosphere of greater trust through the provision of a recognized and transparent platform for dialogue, follow up on the defined priority issues, monitor regular updates on progress.
The agenda for each sector session of the Annual Meeting, would be decided on by a subcommittee which would consist of GOP representatives of that sector, local MNC chiefs, academia related to that sector, CSF representatives, related association leaders of that sector. This subcommittee would report into Council Secretariat which would be headed by Secretary Investment. The agenda would be at an advanced stage of resolution with the government so that concrete discussions and decisions are taken on the agenda items in the FIC
Day 2 of the Annual meeting would be dedicated to one-on-one meetings of global CEOs with the PM where confidential recommendations and issues will be discussed.
At the end of the 2 days a communiqué would be issued which would be the crux of the PR activity.
An integrated media plan to promote the output and global business presence would be managed by relevant organizations, pre-during and post conference.
Proposed Membership:
Chairman: Prime Minister
Government Members: Federal Minister for Privatization & Investment, Advisor to PM on Finance, Chairman of the CSF, the Chief Ministers of NWFP, Punjab, Sindh, Balochistan. Other ministers relevant to the selected topics may be invited by the PM to participate the meetings concerned.
Investor Membership: 10 to 12 CEOs of the global companies, OICCI President, FPCCI President.
Secretariat: The BOI and CSF will act as the secretariat of the initiative
The Competitiveness Support Fund (CSF) is a joint initiative of the Ministry of Finance, Government of Pakistan and the United States Agency for International Development (USAID). It is established to reposition the Pakistan economy on a more competitive global footing.
