-Long-term procedures for issuing visas are an obstacle for a greater presence of Pakistani investors in BiH.
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The Ambassador of Pakistan to BiH HE Muhammad
Yousaf visited the FIPA Agency and discussed with the Director Gordan Milinić
and his associates the possibilities for improving economic cooperation between
the two countries, especially possibilities of new Pakistani investment in BiH.
Mr Milinić informed the Ambassador Yousaf on
the activities and responsibilities of the Agency, noting that FIPA is
available to all investors from starting operations, i.e, from the company
registration through assistance related to the issuance of paperwork to the
realization of the investment, as well as for removing obstacles in business.
He stressed that FIPA is connected to all relevant institutions starting from
municipal, cantonal and entities level over to the institutions at the state
level, with the aim to cooperate together in creating a favourable environment
for attracting foreign investment.
FIPA is ready to provide potential Pakistani
investors with information on all important indicators, business environment,
legal framework, attractive sectors and available investment projects and
locations.
The Ambassador Yousaf said that Pakistani
investors are interesting in Bosnia in Herzegovina, but long-term procedures
for issuing visa of BiH is for businessmen of Pakistan one of the obstacles for
a greater presence of Pakistani investors at the BiH market. However, there are
few examples of successful investments, including the dairy Milgor Goražde. The
Embassy plans to inform the Pakistani businessmen on the current privatizations
in BiH this year and to invite them to participate in.
There are great possibilities and opportunities
for cooperation in the timber industry, furniture manufacturing, textile and
plastic ware, and for these reason the BiH companies like Poly, Prevent, Bingo
and Kismet will visit Pakistan in April 2016.
The FIPA Agency will be in a constant contact
with the Embassy of Pakistan and will be at the service to potential investors.