Punjab sets up committee to revamp investment landscape

Lahore: In a significant move to boost economic activity and attract investment, the Punjab government has constituted an Investment Advisory Committee tasked with crafting policy recommendations to enhance the province’s investment climate.

The newly formed committee will be headed by Muhammad Muntaha Ashraf, Chairman of the Punjab Board of Investment and Trade (PBIT). It will comprise senior government officials, industry leaders, and investment experts, aiming to provide strategic input to shape business-friendly policies and long-term investment strategies for Punjab.

According to an official statement, the committee’s primary objectives include identifying policy reforms to improve ease of doing business, proposing sector-specific investment incentives, and advising the provincial government on mechanisms to attract both domestic and foreign investment.

“This initiative aligns with Punjab’s broader vision of fostering a competitive, investor-friendly environment that fuels sustainable economic growth,” said PBIT Chairman Muntaha Ashraf. He reiterated the government’s commitment to strengthening investor confidence, adding that the committee will serve as a crucial platform for collaboration between the public and private sectors.

The committee is expected to play a pivotal role in streamlining investment procedures, reducing regulatory hurdles, and exploring high-potential sectors such as agribusiness, manufacturing, technology, and renewable energy.

Officials stated that the committee’s recommendations will feed directly into the provincial government’s investment policy framework and future development plans. Stakeholders from various chambers of commerce, trade bodies, and investment groups have welcomed the move, calling it a step in the right direction toward revitalizing Punjab’s economic engine.

The committee will hold its first meeting in the coming weeks to outline its action plan and set reform priorities.