Islamabad, 2 September 2023 (TDI): The Foreign Secretary convened a briefing on the Special Investment Facilitation Council (SIFC) for the resident diplomatic missions at the Ministry of Foreign Affairs in Islamabad.
Dr. Jehanzeb Khan, Special Assistant to the Prime Minister on Government Effectiveness, gave a complete presentation to the diplomats on the Council’s development and many other aspects.
He specifically spoke to Pakistan’s investment possibility in the four sectors; information technology, agriculture, energy, and mining.
Moreover, the participating diplomatic missions were asked to inform and convince their nations to take advantage of Pakistan’s potential as a resource-rich session nation.
Senior members of the Ministry of Foreign Affairs also attended the briefing.
On 20 June 2023, the Pakistani government has recently accepted the Special Investment Facilitation Council (SIFC).
Special Investment Facilitation Council is a facility to acts as a “single window” to support investors, create a cooperative relationship among all government departments, and speed up project development.
Also Read: Foreign Minister of Pakistan hosted dinner for foreign diplomats
Moreover, its policy aimed at escalating the supervision, promotion, and facilitation of foreign direct investment within the country.
Federal ministers, regional governors, and the commander in chief of the army are among its members, while the prime minister serves as its chair.
The government created the Special Investment Facilitation Council to optimize prolonged business procedures using a cross-government approach that is common and mutual, with illustrations from all participants.
Through local and foreign investments, it seeks to use Pakistan’s hidden strengths in vital industries including energy, mining, farming, and defense making.
The demand for a recovery in the economy, especially in the face of parliamentary struggles and official hurdles that let down (FDI), led to the creation of the SIFC.
