Bringing investment to Pakistan: Three-day SIFC roadshow begins in UAE
Business
The body was established last year to develop an enabling policy environment
ABU DHABI (Dunya News) – The Special Investment Facilitation Council (SIFC) is organising a three-day event in the United Arab Emirates from today (Saturday) as part of its efforts to attract foreign investors for establishing businesses in Pakistan.
In this connection, the United States Agency for International Development (USAID) has extended collaboration to the SIFC – a body formed last year in June when the Shehbaz Sharif-led coalition government was in power.
Investors from the United Arab Emirates and other countries will attend the roadshow, designed to highlight the SIFC's efforts to improve the investment climate in Pakistan.
The roadshow will create awareness about the valuable resources and investment opportunities available in Pakistan and attract investors in the diverse sectors including minerals, information technology, agriculture and energy.
With Pakistan facing a severe economic crisis, the SIFC was established to act as a ‘single window' for multi-domain cooperation in relevant fields, with a focus on GCC countries in particular and other countries in general, to facilitate investment and develop an enabling policy environment.
Furthermore, it is also meant to improve the ease of doing business by overcoming systemic and bureaucratic hurdles, optimizing horizontal-vertical synergy while coordination between the federal and provincial levels, facilitating timely decision-making and avoiding duplication of effort, and fast-tracking investment and project implementation.
