The government of Pakistan has introduced a new plan to strengthen protections for foreign investors. PM Office to Get Powers to Protect Foreign Investment, Investors From NAB, FIA under the upcoming National Industrial Policy. Officials said the move is aimed at boosting confidence among foreign companies and safeguarding their investments.
Under the proposal, the Prime Minister’s Office will have authority to issue directives to prevent undue actions by agencies like the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA). This ensures that investors can carry out business without fear of harassment or arbitrary legal action.
A new body, the National Industrial Revival Commission (NIRC), will be created to address industry disputes. It will provide a forum to protect investors while their cases are under review. Authorities will not be allowed to take coercive action without prior approval from the PM Office or designated bodies.
The policy defines foreign investors as non-citizens, foreign companies, or holders of National Identity Cards for Overseas Pakistanis (NICOP). Under the new framework, no property can be seized, and no arrests or business disruptions can occur without proper authorisation.
Officials highlighted that PM Office to Get Powers to Protect Foreign Investment, Investors From NAB, FIA will reduce legal uncertainty and encourage more foreign capital inflows. Existing laws may be amended to provide stronger protection for legitimate business activities.
The framework will align with international standards for investor protection and includes penalties for unauthorised interference. Violators could face fines or legal action. Experts said the move is likely to boost foreign direct investment and improve the overall business climate in Pakistan.
Critics, however, warned that granting additional powers to the PM Office could impact checks and balances. They emphasised the need to maintain legal oversight while protecting investors.
If implemented, this new policy could strengthen Pakistan’s investment environment, resolve disputes efficiently, and help attract sustained foreign investment for economic growth.
PM Office to Get Powers to Protect Foreign Investment, Investors From NAB, FIA underscores the government’s focus on safeguarding investors and enhancing Pakistan’s business climate.
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