Karachi: The Special Investment Facilitation Council (SIFC) has emerged as a key driver in Pakistan’s industrial development, implementing a reform agenda that has facilitated substantial progress in various sectors of the economy. A notable achievement includes the approval of a $700 million investment for the establishment of seven new cement plants under the council’s expedited policy.
According to Radio Pakistan, the SIFC’s efforts to remove regulatory hurdles have accelerated projects for seven companies, with Lucky Cement being a prominent beneficiary. The company has completed an upgrade of its Karachi plant, which has notably increased its production capacity. As a result of this expansion, Lucky Cement’s total annual production capacity has reached 15.6 million tons.
The SIFC’s initiatives are seen as instrumental in advancing Pakistan’s industrial landscape, fostering an environment conducive to foreign and domestic investment, and streamlining processes that enhance operational efficiency for businesses in the region.