Task of SIFC is to increase foreign direct investment to $5bn, says Shehbaz

Task of SIFC is to increase foreign direct investment to $5bn, says Shehbaz

Pakistan

He said that SIFC will act as a top decision-making forum

ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif has said that the immediate task of the Special Investment Facilitation Council (SIFC) is to increase foreign direct investment to $5 billion. 

In his message posted on the social networking site Twitter on Wednesday, the premier wrote that the coalition government has decided to “set up a Special Investment Facilitation Council (SIFC) with a mandate to frame economic policies that ensure policy predictability, continuity & effective implementation to revive the economy.”

He said that SIFC will act as a top decision-making forum. “To begin with, the forum will focus on leveraging key sectors such as IT, agriculture, energy, minerals and mining, and defence production,” the prime minister added.

Stressing on importance of childhood education, the prime minister expressed happiness “to announce the holding of Pakistan Learning Conference 2023 that focuses on building foundations by adopting the global best practices to empower children.”

He regretted that he could not attend the conference “due to my commitment to represent Pakistan at a global financial moot in Paris.”