It was suggested again at the meeting that developing a responsible investment policy
by June would be tough.
Also, the board of directors of TYG approved an amendment to the fund's investment policy
under which it will invest at least 70% of its total assets in equity securities of MLPs and midstream entities and its policy which states that at least 90% of its total assets (including assets obtained through leverage) are invested in securities of energy infrastructure companies, remains unchanged.
Dr Alvi said Pakistan followed a consistent investment policy
having several lucrative incentives, including full repatriation of capital, capital gains, high rate of return, dividends, and profits.
Previously, the Fund's investment policy
provided that at least 80% of its managed assets be invested in energy MLPs.
During her visit, she will be presenting key findings of the World Bank Group's recent foreign investment policy
analysis to a broad audience, including academia, businesses, government agencies, and development partners in Mongolia.
The 'Pakistan Investment Climate' project launched with the support of International Finance Corporation (IFC) of the World Bank, aims to boost the country's investment policy
and promotion strategy.
'Global experience confirms the regulatory certainty and policy predictability are essential for investors' noted Christine Qiang, World Bank Practice Manager responsible for Investment Policy
At the MATTO meeting Wednesday, he said the Government was getting ready to change the investment policy
which however shouldn't concern investors who invested before provided procedures were fully legal.
Nawaz Sharif said Pakistan's investment policy
is focused on reducing the cost of doing business.
FDI is the pathway to those global value chains, allowing developing countries the opportunity to engage with and benefit from the world economy," said Roberto Echandi, Global Lead, Investment Policy
& Promotion, Trade and Global Practice, World Bank.
includes statements on eight key points, including the fact that an investment policy
enhances the quality of decision making and demonstrates a commitment to the fiduciary care of public funds.