PM rejects proposal to remove 7 members of Board of Investment

By: News Desk      Published: 02:17 AM, 21 Dec, 2020
PM rejects proposal to remove 7 members of Board of Investment
The 5th meeting of Joint Working Group (JWG) on Industrial Cooperation (IC) under CPEC at the Board of Investment (BOI) is being co-chaired by Khashih-ur-Rehman, AS/EDG of BOI Pakistan and Ying Xiong, DG of NDRC, China.–File photo

Prime Minister Imran Khan on Sunday rejected a proposal to replace seven members of the Board of Investment (BoI) with the new ones. 

According to sources, the BoI had proposed the prime minister to remove seven private members of the board even before completion of their two-year tenure. However, the prime minister rejected the proposal to remove these BoI members – Dr Salman Shah, Dr Shamshad Akhtar, Ahmar Bilal Soofi, DW Group Chairman Farooq Naseem, Global Markets former executive chairman Ali Naqvi, Faysal Bank former chairman Naveed Khan and Systems Pakistan CEO Asif Khan. 

Sources say the BoI had proposed appointment of new members, but it has now withdrawn this proposal. The BoI has withdrawn the proposal for appointment of Pakistan Business Council CEO Ali Ehsan Malik, Chairperson of the IBA Economics Department Asma Haider Baloch and federal minister for industry and production as members of the board. 

The federal cabinet is going to approve restructuring of the BoI at its meeting on Tuesday, December 22. However, the federal cabinet will consider the proposal to include the federal minister for industry and production on the BoI