Islamabad, The Executive Committee of the Special Investment Facilitation Council (SIFC), chaired by Caretaker Minister for Planning and Development Muhammad Sami Saeed, convened today in Islamabad to advance Pakistan’s business and investment environment. A significant outcome of the meeting was the formal approval of a new business and investment-friendly SIFC Visa Facility.

According to Ministry of Information and Broadcasting, the Committee reviewed the progress in various fields, particularly noting the strengthening of economic ties with friendly countries. This includes the recent signing of Memorandums of Understanding and agreements with the United Arab Emirates and Kuwait.

The meeting entailed presentations from concerned ministries on the progress of various projects. Recommendations were made to further enhance the business and investment climate in Pakistan. These measures are part of a broader strategy to make Pakistan more attractive to domestic and international investors.

The Committee also discussed administrative issues related to the establishment of various economic zones. Deliberations were held on improving the system of industrial development at the national level, which is crucial for sustainable economic growth.

Another key agenda item was the ongoing privatization of State Owned Enterprises. The Committee directed relevant stakeholders to expedite this process within the stipulated timeframe, emphasizing the importance of efficiency and transparency in these transactions.

The approval of the SIFC Visa Facility is a major step in creating a more inviting atmosphere for foreign investors. This facility is expected to streamline the visa process, making it easier for investors to conduct business in Pakistan. This initiative reflects the government’s commitment to fostering a pro-business environment and attracting foreign investment, which is vital for the country’s economic development and global competitiveness.