Pakistan's Board of Investment does more than publish policy. It also signs agreements with investment agencies and partners in other countries and with local institutions. This guide lists the BOI Pakistan MoUs published on the BOI website and explains what a memorandum of understanding is, who the partners are and why these agreements matter to investors.
What Is an Investment MoU?
A memorandum of understanding (MoU) is a written agreement between two organisations that sets out how they will cooperate. It usually works as a framework for joint activities rather than a full commercial contract. When the Board of Investment signs one, it typically opens the door to sharing knowledge, promoting investment opportunities and coordinating support for investors.
The BOI is Pakistan's investment promotion agency, mandated to promote and facilitate both local and foreign investment. You can read about the rules it works under in our guide to the Pakistan investment regime
MoUs Listed on the BOI Website
The BOI's MoU page lists these agreements (titles as published):
| Partner | Agreement |
|---|---|
| China | BOI and the Investment Promotion Agency, Ministry of Commerce of the People's Republic of China |
| Japan | Japan External Trade Organization (JETRO) and the BOI |
| Russia | BOI and the Russian National Investment Agency (RNIA) |
| Turkey | BOI and the Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT) |
| Sri Lanka | BOI and the Board of Investment of Sri Lanka, on strengthening cooperation in all sectors of investment (two MoUs are listed) |
| Pakistan (local) | BOI and the Competitiveness Support Fund (CSF) |
| Pakistan (local) | Investment Division, BOI and Punjab Agrimarketing Company, to promote the horticulture sector |
| Pakistan (local) | Investment Division, BOI and the Infrastructure Project Development Facility (IPDF) |
The BOI page also lists further MoUs between the BOI or the Government of Pakistan and other partners, so check the official page for the complete and current list.
Example: BOI and Bahrain's Economic Development Board
News reports in July 2021 said the BOI and the Economic Development Board (EDB) of Bahrain were set to sign an MoU during the second session of the Pak-Bahrain Joint Ministerial Commission in Manama. According to those reports, the MoU was meant to provide a framework to develop collaborative activities and projects, share knowledge and arrange technical exchange and assistance in areas of mutual interest. The bilateral trade between the two countries was reported at $117.23 million in 2019-2020.
Why These MoUs Matter to Investors
- Direct contacts: MoUs link Pakistan's investment agency with its counterparts abroad, so investors can find the right desk to talk to.
- Knowledge sharing: agreements like the Bahrain one focus on sharing knowledge and technical exchange.
- Sector focus: local MoUs, such as the one on horticulture, point to sectors the BOI wants to develop.
- Not an approval: an MoU does not replace your own checks. Rules on permissions, licences and incentives still apply to every project.
Frequently Asked Questions
What is a BOI MoU?
A cooperation agreement between Pakistan's Board of Investment and another agency, domestic or foreign, setting a framework for joint work on investment.
Which countries does the BOI list MoUs with?
The BOI's MoU page lists agreements with China, Japan (JETRO), Russia (RNIA), Turkey (ISPAT) and Sri Lanka, among others.
Are there MoUs with Pakistani organisations?
Yes. The list includes MoUs with the Competitiveness Support Fund, the Punjab Agrimarketing Company on horticulture, and the Infrastructure Project Development Facility.
Does an MoU guarantee investment or approvals?
No. It is a cooperation framework. Investors still need to follow the investment regime, sector rules and any licences required.
Where can I find the official list?
On the Memorandum of Understanding page of the BOI website, invest.gov.pk.
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For video guide, view this video
Disclaimer: This article is general information based on titles published on the Board of Investment website and on news reports. It is not legal or investment advice. Agreements and policies can change, so confirm the latest details on the official BOI MoU page before relying on them.
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