ISLAMABAD, March 5: A combined meeting of the federal and provincial task forces on investment will be held here on Friday to discuss increasing local and foreign investment in the country.

Official sources said Prime Minister Mir Zafarullah Khan Jamali is expected to chair the meeting. If he could not preside over the meeting due to any reason, his Adviser on Investment and Privatization Dr Hafeez Sheikh will chair the meeting.

The senior officials of all the four provincial task forces and federal task force on investment will attend the meeting.

Pakistan, which has attracted over $500 million foreign investment during the first six months of 2002-03, is expecting to end up by having a total of $1 billion investment by June 30 this year.

Sources said the meeting will discuss extending more fiscal and non-fiscal incentives to promote local and foreign investment.