Islamabad: The Special Investment Facilitation Council (SIFC) has reported considerable advancements in promoting investment and development initiatives across crucial sectors of the economy this year. Notable achievements include the facilitation of approvals for new cement plants, a major oil pipeline, and a private airline project, reflecting a strategic push to enhance industrial, energy, and aviation sectors.

According to Radio Pakistan, SIFC played a pivotal role in facilitating the approval of seven new cement plants, attracting an estimated investment of approximately $700 million. In the energy sector, SIFC assisted in gaining approval for the 435-kilometer White Oil Pipeline, marking a significant development in the country’s energy infrastructure.

In the aviation sector, SIFC’s support led to the clearance of pending approvals for Jet Green’s private airline project, valued at $3 million. Additionally, the council advanced initiatives in the health and mining sectors, focusing on the national vaccine policy, drug testing, and mineral value addition.

SIFC also worked on expanding investment linkages with key trade partners, including China, Saudi Arabia, the United States, Australia, and Japan, indicating a broadening of international economic collaborations.