Islamabad, 8 Aug, 2023 (GNP): The Special Investment Facilitation Council’s (SIFC) third meeting was held in the capital city on Monday. The primary goal of the meeting was to maintain the initiative’s positive progress, according to a statement given by the Prime Minister’s Office (PMO).
The meeting was conducted by Prime Minister Shehbaz Sharif and attended by Chief of Army Staff (COAS) General Syed Asim Munir, chief ministers, federal and provincial ministers, and government officials.
PM Shehbaz commended the swift operationalization of SIFC in a short period and its well-organized execution through a cooperative approach.
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Meanwhile, the apex committee praised the global effect of the current marketing strategy through seminars, webinars and project commencement, which will be expanded by SIFC’s website which will launch soon.
Under the auspices of the SIFC, the committee approved numerous proposals put forth by various ministries to attract foreign investment in prime areas such as agriculture, livestock, mining, minerals, Information Technology (IT) and energy.
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Moreover, the committee showed full support for the successful conduct of the forthcoming visit of a high-level delegation from the Kingdom of Saudi Arabia to Pakistan through the SIFC platform. The premier gave special orders to make this introductory visit an exceptional event.
Furthermore, the committee expressed determination for constant support to the SIFC initiative and strongly recommended the acting government to continue the momentum for a positive contribution.
The approved projects by the SIFC advise that if all the plans are taken up by countries, like Bahrain, Qatar, Saudi Arabia and UAE the amount of investment under the umbrella of SIFC can be much more than the $28 billion under the China-Pakistan Economic Corridor (CPEC).
