ISLAMABAD: Pakistan’s Prime Minister Anwaar-ul-Haq Kakar has expressed optimism that the Special Investment Facilitation Council (SIFC) will attract more than $60 billion in investments to Pakistan over the next five years.
In an interview with Arab News, the prime minister addressed the feasibility of the reported $60 billion figure, suggesting it could potentially exceed that amount. He emphasized that the SIFC would serve as a streamlined process for foreign investors, functioning as a “one-window operation” to address their concerns.
Several key issues have already been tackled, including ensuring the repatriation of invested funds and legal protections, as demanded by foreign direct investment entities.
SIFC Addresses Bureaucratic Hurdles in Investment
Moreover, bureaucratic hurdles have been addressed, and the SIFC platform is designed to expedite the permission-granting process for foreign investments within 15 days. A dispute resolution mechanism has also been established under the SIFC platform, which is designed to be favorable and acceptable to all parties involved.
