ISLAMABAD, June 9: The Investment and Privatization Minster Dr. Abdul Hafeez Shaikh on Thursday directed the Board of Investment (BOI) to formulate recommendations on fast track basis for establishing active one window facility for local and foreign investors.

He was chairing a meeting to review the performance of BOI.

The minister said that since investment from within and outside the country had improved, therefore, the existing facilitation arrangements needed to be made more speedy and effective.

He directed the BOI to focus on tackling problems of investors being faced by them through administrative arrangements, quick implementation, providing accurate information data on cost effective basis.

Dr Shaikh further said that BOI offices at Islamabad, Karachi and Lahore should be empowered and strengthened and new offices should be opened at Peshawar and Quetta for liaison with other related departments of the federal and the respective provincial governments.

The meeting also reviewed the progress made to increase the Foreign Direct Investment and discussed the matters pertaining to investment proposals for Cabinet Committee on Investment (CCOI), bilateral investment treaties, to promote, encourage and facilitate domestic and foreign investment at all levels in all sectors.

Mr Wasim Haqqie, the Chairman, BOI, Mr Jahangir Bashar, Secretary BOI, Mr. Tallat Meyyan, EDG and other senior officials of the BOI were present during the meeting.