Foreign Investments
ISLAMABAD: On Friday, diplomatic missions in Islamabad received an urging from the Foreign Office (FO) to actively promote foreign investment in Pakistan by briefing their respective countries on the rich resources and investment potential within the nation.
This call to action comes following a directive from caretaker Prime Minister Anwaar ul Haq Kakar, who instructed relevant authorities to expedite the realization of identified projects under the Special Investment Facilitation Council (SIFC).
Furthermore, the SIFC was established in June of the same year by the previous PML-N-led government with the aim of formulating economic policies that ensure policy predictability, continuity, and effective implementation to revive Pakistan’s economy.
One of its key objectives was to attract investments from friendly countries, with the immediate goal being to increase foreign direct investment (FDI) to $5 billion.
In July, the previous cabinet approved several initiatives, including proposed legislative amendments to the Investment Board Ordinance, granting the SIFC authority to facilitate foreign investments.
In addition, a briefing session on the SIFC, convened by Foreign Secretary Syrus Sajjad Qazi, took place at the Ministry of Foreign Affairs (MoFA) for resident diplomatic missions in Islamabad.
The FO press release instructed participating diplomatic missions to actively promote the idea of Pakistan as a resource-rich country to their respective nations.
Dr. Jehanzeb Khan, Special Assistant to the Prime Minister on Government Effectiveness, made a comprehensive presentation during the meeting, providing insights into the council’s establishment and various aspects.
We placed special emphasis on investment opportunities in four key sectors: information technology, agriculture, energy, and mining.
The SIFC, recently established, serves as a “One-Window” platform designed to expedite decision-making processes and foster Foreign Direct Investment in Pakistan.
Senior officials from MoFA were also present at the briefing, highlighting the government’s commitment to encouraging foreign investment and economic growth in Pakistan.
