Islamabad, Caretaker Prime Minister Anwaar-ul-Haq Kakar has indicated that the newly established Special Investment Facilitation Council (SIFC) is expected to generate over $60 billion in foreign investment for Pakistan within the next five years. The SIFC aims to streamline processes for foreign investors through a one-window operation, addressing significant investment concerns including dollar repatriation and bureaucratic delays.
According to Ministry of Information and Broadcasting, Prime Minister Kakar outlined the improvements already made by the SIFC, including the acceleration of investment permissions to a 15-day timeframe and the establishment of a dispute resolution mechanism. Additionally, Kakar noted ongoing discussions with Saudi Arabia and Barrick Company, anticipating a concluded deal by December for Saudi investment in Pakistan’s Reko Diq project.