ISLAMABAD ( WNAM REPORT 0: Pakistan’s economy is poised for transformative growth, thanks to the concerted efforts of the Special Investment Facilitation Council (SIFC) and the Invest-Pakistan Project Management Unit (PMU). Over the past 12 months, these entities have worked tirelessly to resolve long-standing issues, unlock investment potential, and enhance Pakistan’s competitiveness on the global stage.
The SIFC has played a pivotal role in streamlining the issuance of cement plant licenses, resolving a longstanding dispute between the National Highway Authority and Bina Puri, and facilitating Yamaha’s manufacturing certification process. This has paved the way for increased industrial production and economic growth.
In the oil and gas sector, the SIFC has successfully resolved disputes, including the construction of a gas pipeline and resumption of gas supply to Master Tiles. The council has also remained engaged in settling matters with K-Electric and approvals for energy projects like the Riyali Hydro Power Project.
The government has made significant strides in agricultural development, with land allocation made for the Green Pakistan Initiative and export agreements reached to support local industries like meat and mushrooms. Additionally, the government has approved the indigenous development of ventilators to meet the health sector’s needs and serve humanity.
The SIFC has also launched youth skill development programs and extended support for digital integration, IT park development, and increased IT exports. The government has engaged AT Kearney, a global consulting firm, to identify high-potential projects and prepare feasibility studies for priority sectors.
The combined efforts of the SIFC and Invest-Pakistan PMU are expected to provide a framework for Pakistan’s economic revitalization, focusing on sustainable development, job creation, and increased foreign investment. This ambitious initiative aligns with the government’s broader vision to enhance Pakistan’s competitiveness and position the country as a leading destination for investment in the South Asian region.
