SIFC orders ministries to speed up consultant support and investment process

The Executive Committee of the Special Investment Facilitation Council (SIFC) has urged authorities to accelerate the implementation of consultant-supported initiatives and finalise a pipeline of investable projects aimed at bolstering both local and foreign investments.

The directives came during the 11th Executive Committee meeting on December 11, 2024, chaired by Ahsan Iqbal Chaudhary, Minister for Planning, Development, and Special Initiatives. The meeting was attended by federal ministers, provincial chief secretaries, secretaries of key departments, and senior government officials.

SIFC, launched as a high-level forum to attract strategic investments and streamline bureaucratic processes, has been tasked with addressing structural impediments to economic growth. The Council has focused on leveraging international expertise to enhance project feasibility and ensure alignment with global standards to boost investor confidence.

During the session, ministries presented progress on various priority projects under SIFC’s umbrella, emphasising the use of global consultancy support to fast-track development. Key sectors, including infrastructure, agriculture, and energy, featured prominently in the discussions, with a focus on unlocking Pakistan’s investment potential.

The committee developed a consensus on critical sectoral strategies and directed officials to expedite matters through targeted policy interventions and stakeholder engagement. Ahsan Iqbal highlighted the need for efficient execution and collaboration to maximise the economic impact of these projects.

This marks a continuation of SIFC’s efforts to streamline Pakistan’s investment framework, with a vision to foster sustainable growth and attract long-term capital. The Council’s emphasis on a robust project pipeline reflects its commitment to creating a conducive environment for economic revitalisation.