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business
Saturday Jun 19 2021
By
Web Desk

Atif Bokhari resigns as Board of Investment chairman for personal reasons

By
Web Desk

Atif Bokhari on Saturday resigned from the chairmanship of the Board of Investment (BOI) due to personal reasons.

Bokhari’s resignation made him the third person to resign from the chairman’s post in the PTI government's tenure.

Officials say that former chairmen Zubair Gilani and Haroon Sharif are now in the running to take over from Bokhari.

Read more: Board of Investment chief quits over 'personal reasons', report

Sharif was appointed as Chairman Board of Investment in September 2018, while Gilani was given the charge in June 2019.

Before joining the BOI, Bokhari was a career banker with 32 years of experience in domestic and international banking. 

What is BOI?

BOI has been set up for the promotion of investment in all sectors of the economy, facilitation of local and foreign investors for speedy materialisation of their projects, enhancement of Pakistan's international competitiveness, and contribution to economic and social development.

Read more: Board of Investment Chairman Haroon Sharif resigns

The board assists companies and investors who are investing or intend to invest in Pakistan as well as facilitates the implementation and operation of their projects.

It acts as a focal point of contact for existing and prospective investors, both domestic and foreign, to provide them with all necessary information and assistance in coordination with government departments at the federal and provincial level.