Daily Times

Chairman of the Punjab Board of Investment & Trade (PBIT), Muhammad Muntaha Ashraf Sunday praised the CM Maryum Nawaz’ efforts to bolster industry, highlighting the expansion of Business Facilitation Centers to provide investors with a single-window solution for their business needs.

“Punjab’s business environment flourishes under CM’s guidance,” said PBIT Chairman Muhammad Muntaha Ashraf, highlighting the positive impact of Chief Minister Maryum Nawaz’ leadership on the province’s industrial landscape, with initiatives like Business Facilitation Centers boosting investment opportunities and streamlining business processes.

Currently, 6 facilitation centers with 28 departments are operating around the clock to cater to investors’ needs,” he explained in an interview with PTV News. The centers are bound to respond to investors’ queries within 45 days, ensuring timely facilitation and support, he mentioned. This initiative aims to promote Punjab as a prime investment destination, fostering a business-friendly environment and streamlining processes for investors, he said.

By providing prompt responses and effective facilitation, the centers will help investors navigate regulatory requirements and make informed decisions, he added. Muhammad Muntaha Ashraf highlighted that the Punjab Board of Investment & Trade (PBIT) is also promoting tax incentives to attract investors. These incentives aim to create a favourable business environment, encouraging investment and economic growth in the region, he highlighted.

By offering tax benefits, PBIT seeks to make Punjab an attractive destination for investors, fostering industrial development and job creation, he said, adding, this initiative is part of the broader efforts to streamline business processes and provide support to investors, ultimately contributing to the province’s economic prosperity.

“We are also focusing on developing special economic zones and providing bank assistance to support investors,” he stated. Muntaha Ashraf expressed his appreciation for the present government’s efforts in creating investment opportunities, highlighting its commitment to economic development and growth.