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Board of Investment, Trade constituted

January 31, 2009

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LAHORE, Jan 30: The Punjab governor has constituted Punjab Board of Investment & Trade (PBIT), says a handout issued on Friday.

The PBIT will be a corporate body, duly registered under Section 42 of the Companies Ordinance, 1984. The chief minister will be its chairman and Haroon Khawaja vice chairman/CEO while P&D chairman and secretaries of commerce & investment and finance will be ex-officio members/directors. Syed Babar Ali, Mian Muhammad Mansha and Jehangir Khan Tareen will be its honorary directors.

Members/directors representing various sectors include Tariq Mehmood (agriculture), Amer Abdullah (livestock & dairy development), Shafqat Illahi (business & industries), Nadeem Babar (infrastructure & energy), Aamir Fayyaz (health), Seema Aziz (education), Mohsin Syed (Tevta) and Dr Rehan Mallick (research).

The PBIT will coordinate and implement trade and investment policies of the federal/provincial governments, assist Board of Investment, Islamabad, in formulation and implementation of investment policies of the federal government and provide an economic development plan for Punjab aligned with economic policy of Punjab.

The PBIT shall be housed in the Chief Minister's Secretariat and shall have absolute operational and financial autonomy.