ISLAMABAD: The Special Investment Facilitation Council (SIFC) has reached a significant partnership agreement with Najd Gateway Holding Company of Saudi Arabia, focusing on the prosperous livestock sector.
As per the agreement, a substantial 5,000-acre area will be allocated for the cultivation of alfalfa, a crucial fodder for cattle, with the intention of exporting it.
Alfalfa, renowned for its nutrient-rich composition, serves as a primary protein source for various livestock species, including dairy cattle, beef, horses, sheep, goats, and other domestic animals.
Acknowledging Pakistan’s fertile soil as conducive to producing top-quality livestock products with high nutritional and protein content, this collaboration holds the potential to strengthen the country’s agricultural sector.
Alfalfa cultivation, globally recognized as a significant fodder crop, is practiced extensively in numerous countries.
This joint venture aims to harness Pakistan’s agricultural capabilities for mutual benefit, leveraging the global importance of alfalfa.
Earlier, the SIFC Executive Committee has officially sanctioned the SIFC Visa Facility to foster a business and investment-friendly environment, marking a significant milestone in facilitating foreign investors.
Today, a session of the Executive Committee of the Special Investment Facilitation Council convened in Islamabad, chaired by Caretaker Minister for Planning and Development, Muhammad Sami Saeed.
he Committee commended the overall progress across diverse sectors and the robust economic ties with friendly nations, particularly acknowledging the recent signing of Memorandums of Understanding and agreements with the United Arab Emirates and Kuwait.
Throughout the meeting, pertinent ministries presented progress reports on various projects and proposed measures to enhance the conducive nature of the business and investment landscape.
Administrative issues linked to establishing economic zones were scrutinized, and discussions centered on improving the national-level industrial development system.
The Committee also addressed the ongoing privatization of State-Owned Enterprises, urging relevant stakeholders to expedite the process by the stipulated timeframe.
The formal approval of the business and investment-friendly SIFC Visa Facility by the Executive Committee further solidifies the commitment to creating an environment conducive to foreign investment.
