Punjab Board of Investment and Trade

Last updated
Punjab Board of Investment & Trade (PBIT)
TypePunjab Government
Founded2009
HeadquartersLahore
Key people
Mr. Muhammad Shahbaz Sharif, Chief Minister Punjab
(Chairman)
Dr. Miftah Ismail
(Vice Chairman)
Mr.Habib-ur-Rehman Gilani – Chief Executive Officer
ProductsTrade & Investment
Website www.pbit.gop.pk

Punjab Board of Investment & Trade (PBIT) is the trade and investment promotion agency in Punjab, Pakistan, working autonomously under the Industries, commerce, and investment department. It is a member of the Steering Committee and a Director for South Asia of the World Association of Investment Promotion Agencies (WAIPA).

Contents

Background

Punjab Board of Investment & Trade (PBIT) was established in 2009 by Salmaan Taseer, the governor of Punjab. The first vice chairman and CEO was Haroon Khawaja. [1] PBIT is a government-owned company that is run and managed by a Board of Directors (BOD) composed of members from the government and the private sector.

Areas of focus at PBIT

The dynamic duo of public and private sector officials at PBIT is essentially to provide the businesses with a one-window facility for interaction with Government,. The sectors under focus for trade and investment at PBIT currently include agriculture, energy, infrastructure and manufacturing.

In line with its focus areas of action and sectors, PBIT has managed to become a steering committee member and the Director of South Asia at WAIPA.

In its endeavour to put Punjab on the world map, PBIT has been conducting and participating in, global and local trade & investment events. A notable few in the year 2011-12 included; Halal Food Conference in collaboration with the Royal Thai Embassy in Pakistan; International Green Week, Berlin; Investment Conference Dubai, the 3rd World Investment Forum(WIF), Doha;, Pak-Turk Business Forum; and Single Country Exhibition of Iran and Punjab Mango Festival.

PBIT has invited and hosted numerous delegations of Journalists from the US and Germany and business delegations from a wide range of countries including Turkey, Spain, Italy, France, Canada, US, Korea, UAE, Japan, China, and Australia to promote a soft image of the country as well as expose the world to the untapped business opportunities in Punjab. PBIT has also serviced existing businesses in Punjab including local and multinational companies like Metro Cash and Carry, Coca-Cola, Telenor, Mobilink, General Electric, Zong Pakistan, Lotte Group, and Al-Futtaim Group, to name a few.

Various policy recommendations governing the Establishment of Special Economic Zones, Halal Certification, Public - Private Partnership Law, and Real Estates Investment Trust have also been advocated at both the provincial and federal tiers of government. [2]

Related Research Articles

<span class="mw-page-title-main">World Association of Investment Promotion Agencies</span>

The World Association of Investment Promotion Agencies (WAIPA) is an international Non-governmental organization established in 1995 by the United Nations Conference on Trade and Development that acts as a forum for investment promotion agencies (IPA), provides networking and promotes best practice in investment promotion.

The Australian Trade and Investment Commission, or Austrade, is the Australian Government's trade, investment and education promotion agency which was also given responsibility for tourism policy, programs and research from 2013. Austrade was established under the Australian Trade Commission Act 1985. It is a non-corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013, and a statutory agency under the Public Service Act 1999. Austrade is part of the Foreign Affairs and Trade portfolio.

<span class="mw-page-title-main">Pakistan Industrial Development Corporation</span> Pakistani government-run corporation

Pakistan Industrial Development Corporation (PIDC) is a state corporation of Pakistan working under Ministry of Industries and Production. It was established in 1952. PIDC was created to set up industries in such fields where large capital was required and was difficult for the private sector and to set up industries in such backward areas to creating employment opportunities. According to Yoana Barakova, a research analyst at the European Foundation for South Asian Studies, the China Pakistan Economic Corridor (CPEC) is not only expected to place Pakistan in a significant debt burden to China but also poses the risk of displacing over 10,000 people in Gilgit Baltistan from their jobs due to the substantial influx of Chinese labor.

Industrial Development Bank of Pakistan is located in Karachi, Sindh, Pakistan. It is among the oldest financing institutions in Pakistan.

<span class="mw-page-title-main">International Trade Centre</span> Multilateral agency

The International Trade Centre (ITC) is a multilateral agency which has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD).

<span class="mw-page-title-main">Federation of Bangladesh Chambers of Commerce & Industries</span> Business trade body of Bangladesh

Federation of Bangladesh Chambers of Commerce and Industries is the apex trade organization of Bangladesh playing a pivotal role in consultative and advisory capacity, safeguarding the interest of the private sector in the country.

<span class="mw-page-title-main">Serbia Investment and Export Promotion Agency</span>

The Serbia Investment and Export Promotion Agency was a Serbian investment promotion agency. Established on 28 February 2001 by the government of Serbia, the agency promoted foreign direct investment (FDI), and supported companies seeking to set up or expand their business operations in Serbia.

<span class="mw-page-title-main">SARIO</span>

SARIO, Slovak Investment and Trade Development Agency is a government agency established in the Slovak Republic in 2001, which works under the direction of the Ministry of Economy of the Slovak Republic.

<span class="mw-page-title-main">Aga Khan Fund for Economic Development</span> Swiss for-profit entity

Aga Khan Fund for Economic Development SA is a Swiss for-profit entity and international development finance institution which invests in countries of East Africa, West Africa, Central Asia, and South Asia. It is based in Geneva, Switzerland.

<span class="mw-page-title-main">Ministry of National Health Services, Regulation and Coordination</span> Government of Pakistan executive body concerning health, human services

The Ministry of National Health Services, Regulation and Coordination is a cabinet level ministry of the government of Pakistan with responsibility for national public health.

China Investment Promotion Agency is the investment promotion agency of PR China. It is in charge of inviting in and going global. Two-way investment promotion works in line with China's economic strategies and is engaged in cooperation with international economic organizations, foreign investment promotion agencies, chambers of commerce and business associations on behalf of the Ministry of Commerce of the PRC.

Board of Investment (BOI) (Urdu: ہیئتِ پاکستان برائے سرمایہ کاری) is the premier investment promotion agency of Pakistan working under the administrative control of the Prime Minister’s Office and is mandated to promote and facilitate both local & foreign investment. The Board of Investment is a member of the World Association of Investment Promotion Agencies (WAIPA).

Vanuatu Foreign Investment Promotion Agency Vanuatu government agency

The Vanuatu Foreign Investment Promotion Agency (VFIPA), is Vanuatu's National investment promotion agency. It was established by the foreign investment act [cap 248] in 1998 and operating as a unit under the department of Trades and Industry with a mandate to "promote and facilitate foreign investments into Vanuatu.

<span class="mw-page-title-main">KAZANSUMMIT</span> Business convention held annually in Kazan, Russia

KAZANSUMMIT is one of the leading international economic events of the Russian Federation and the Organization of Islamic Cooperation (OIC). From the first day of its existence, the Summit has been held under the patronage of the President of the Republic of Tatarstan, Rustam Minnikhanov. Since 2009, KazanSummit is held annually and strongly supported by the Federation Council of the Federal Assembly of the Russian Federation and the Government of the Republic of Tatarstan. Top international investment conference remains the main and unique platform for cooperation between the Russian Federation and the OIC member states.

<span class="mw-page-title-main">Halal Development Corporation</span> Malaysian government agency

Halal Development Corporation Berhad, or HDC, is a Malaysian federal government agency mandated as the custodian of Malaysia's Halal economy, and featured as a trusted partner in the Halal business. Its mission is to generate opportunities for the community of stakeholders within Malaysia's Halal ecosystem.

The Trade Delegation (Representation) of the Russian Federation in the United Kingdom of Great Britain and Northern Ireland is a state institution ensuring foreign economic interests of the Russian Federation in the United Kingdom. It is an integral part of the Diplomatic Mission of the Russian Federation in the UK. The Delegation acts under political guidance of the Ambassador of the Russian Federation in the United Kingdom. General governance of its activities is carried out by the Ministry of Economic Development of the Russian Federation. The Trade Delegation was established on 24 February 1920. It was the first Russian trade representation abroad and it began the history of trade representations of Russia in foreign countries. By now the word “Delegation” still appears in the official English name for the Russian Trade Representative's Office to the UK. The Trade Delegation is headed by the Trade Representative who is appointed by the Government of the Russian Federation upon recommendation by the Ministry of Economic Development agreed with the Ministry of Foreign Affairs of the Russian Federation.

<span class="mw-page-title-main">Ali Jehangir Siddiqui</span> Pakistani diplomat

Ali Jehangir Siddiqui is a Pakistani diplomat and entrepreneur. He has served as the Ambassador of Pakistan to the United States, as Special Assistant to the Prime Minister of Pakistan with the status of Minister of State and Pakistan's Ambassador for Foreign Investment in an honorary capacity. He has also served in various business and government advisory councils, policy institutions, and commercial entities.

<span class="mw-page-title-main">James X. Zhan</span>

James X. Zhan has been Director of Investment and Enterprise at the United Nations Conference on Trade and Development (UNCTAD) since 2009. He also leads the preparation of the annual World Investment Report.

Seema Aziz is a Pakistani business woman and a social activist. She is the founder and managing director of Sefam (Bareeze) and the founder and chairperson of CARE Foundation, the country's largest educational non-profit organization. She is also member and a private sector member in the Punjab Board of Investment and Trade and on the global advisory board of Harvard Business school.

<span class="mw-page-title-main">Guidance Tamil Nadu</span>

Guidance Tamil Nadu is the investment promotion agency of the Government of Tamil Nadu. It is constituted to reach out to prospective investors and make them invest in the state of Tamil Nadu. It comes under the Industries Department and is under the purview of Minister for Industries Thangam Thennarasu. Since inception, Guidance has facilitated investments for over Rupees Five lakh crore across various sectors. Guidance has evolved into an organisation that strives to transform the ecosystem in Tamil Nadu for investors to invest, innovate and create.

References

  1. "Board of Investment, Trade constituted". DAWN.COM. 31 January 2009. Retrieved 18 February 2017.
  2. "PBIT official website". Punjab Board of Investment & Trade. Retrieved May 24, 2014.