100pc foreign ownership policy remains unchanged: Dawood.

KARACHI -- Prime Minister's Adviser for Trade and Industry Abdul Razzak Dawood said that 100 per cent foreign ownership policy of the government allowed in legal entities incorporated in Pakistan remains unchanged. This he said in his recent meeting with members of Overseas Investors Chamber of Commerce and Industry here in Karachi. The adviser clarified that in order to encourage multinational companies to set up joint ventures (JVs) with local partners, the government would need to give some incentives.

Mr Dawood announced that soon a new industrial policy and national tariff policy would be announced in consultation with each sectors and also assured that the federal government was focused on improving...