Islamabad: The Government makes a new five years investment policy to attract approximately $75 billion local and overseas investment in the next five years in oil and gas, energy and agriculture sectors that would offer tariff incentives. Waqar Ahmed, the Minister for Investment, at a news meeting said that this investment would come through Special Economic Zones (SEZs) in various sectors of the economy. These SEZs has already been set up across the country. The minister added that investors would be provided with five year’s duty holiday on imports of raw material and machinery, and to developers for a period of ten years. The plan would provide optional disagreement resolution mechanism to investors, which would have legal cover, and end meddling of 27 different agencies. The policy includes investment approach having three action programs to be a magnet for foreign direct investment. These include developing the international icon of Pakistan as an investment site, endorsing investment projects internationally and proposing services to potential distant investors in Pakistan. These three action programs would be interreliant and equally helpful, having mechanism of a logical investment endorsement cycle. The investment promotion activities in Pakistani agencies Smeda, PC and PPIB would be co-ordinate with the foreign investment promotion plan with a sight to maximizing the combined efforts and distributing a sound message about Pakistan to the international investors. The minister maintained that with improvement of law and order situation after operation against militants not only Pakistan's picture had improved overseas but also the overseas investors are enthusiastic for making investment in different sectors of the economy. He believed that the new rule would proceed as a channel for pulling investment and assist in carrying about economic strength and employment production. The investors would be provided one-window procedure at over 24 buildings of SEZs in dissimilar cities, and they would be given guarantee for persistence of policies. This initiative would lend a hand in attaining about $15 billion annual foreign and local investment in various sectors of the economy. The minister said that provinces were also asked and taken on board concerning the future policy. The new policy would be based on about three or four pillars, including establishing a structural public-private policy talk, intensification investment protection, introducing a foreign investment endorsement strategy, and increasing the capacity building. Waqar said that the public and private sectors on it and for seeking inputs from other stakeholders were unveiling the policy to have dialogue. The minister believed that the policy would provide a baseline for taking out other economic policies and would help pull off the most wanted economic steadiness and employment generation. He did not give timeframe any for completion of the policy, which had been made announced publicly looking for inputs from media and other stakeholders. He avoided answering a question about whether the government had required any input from the chambers of commerce or business community, while gathering the policy.