Muhammad Zohaib Khan, the chairman of the Pakistan Software Houses Association (P@SHA), described the creation of the Special Investment Facilitation Council (SIFC) as a significant development for Foreign Direct Investment (FDI) in Pakistan, with the potential to bring about transformative changes in the country’s economy.
The SIFC will include key figures from both the government and the armed forces, and it will consist of apex, executive, and implementation committees. Khan commended the collaboration between civilian and state institutions for their clear vision and collective effort in advancing the prosperity of the nation.
Khan emphasized that investors, entrepreneurs, and business groups are deterred by bureaucratic hurdles, dealing with multiple licensing and regulatory authorities, and the inconsistency in economic and investment policies. They are accustomed to streamlined processes and incentives provided through centralized operations. The SIFC has been established to specifically address these issues.
The SIFC will prioritize defense production, agriculture, mines and minerals, energy, and the IT industry, with the ambitious target of attracting $100 billion in FDI within three years. The ultimate goal is to achieve a nominal GDP of $1 trillion by fiscal year 2035. The state apparatus will provide comprehensive technical and strategic support to ensure the seamless functioning of the council.
Khan highlighted the inclusion of information technology as a focal area for the SIFC. Prime Minister Shehbaz Sharif and the state institutions have made a commitment to promote the IT industry in order to create employment, boost revenues, and significantly increase exports. P@SHA, as the leading platform representing the IT industry, expressed its full support in facilitating the consultative process between stakeholders to harness the untapped potential of the IT industry and assist the SIFC in achieving its goals.
P@SHA emphasized that the IT industry plays a pivotal role in catalyzing other sectors through automation, digitalization, business process reengineering, and artificial intelligence, enabling them to align with international best practices. Therefore, IT will serve as a productivity multiplier for the other focus areas of the SIFC.
AOA
its great work for Pakistani farmers.
I hope it’s big change for agriculture sector. I am also interested to work with sifc because we have already uncultivated land in sujawal Sindh .
I hope sifc team will work on our land .
I have 104 acres berren land on lease basis in tandlian Wala Punjab,wants to be part of sifc
Pls intimate the mailing address of
APEX Committee Investment Facilitation Council
We are interested in this project,we need continuous updates,details
We are interested in this project,please send details and updates
I am intrested to facelateate the investor /interested companies in mining of coal ,antimony ore. copper ore ,iron ore ,chromite ect in Balochistan. we arrang one-to-one meeting with lease holders / mineowners.
aoa, I wants to attend the samit. hoe can i get pass.
I’m interested
We are the largest investment company in the world in government infrastructure projects .
We would like to invest 10 billion dollars in Pakistan.
I would like to meet the decision maker.
Regards
Tariq Iqbal malik
I have several Agriculture related projects.
Private or Corporate or Government Sector organizations interested in agriculture please contact me for further details. I have been promoting Agriculture since several years and now the people in power realise the importance of this sector. It’s never too late for a good work to start.
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It highlighted the establishment of the Special Investment Facilitation Council (SIFC) and its ambitious targets of attracting $100 billion in FDI within three years and achieving a nominal GDP of $1 trillion by FY 2035. The article also highlights the importance of the IT industry in achieving these goals and promoting employment, increasing revenue and increasing exports. I found this content useful for anyone interested in economic and business development in Pakistan.
The establishment of the Special Investment Facilitation Council (SIFC) marks a pivotal step in Pakistan’s economic growth. Its collaborative approach between government and armed forces, aimed at reducing bureaucratic obstacles, showcases a unified vision for fostering investment. Streamlining processes and ensuring consistency in policies will undoubtedly attract more foreign direct investment.
The creation of the Special Investment Facilitation Council (SIFC) marks a pivotal step for Foreign Direct Investment in Pakistan. Muhammad Zohaib Khan praises the collaborative efforts between government and armed forces, foreseeing transformative impacts on the economy. The SIFC aims to streamline processes, eliminate bureaucratic hurdles, and provide centralized operations to attract investors and foster economic growth.