On Tuesday, a collaborative dialogue occurred between the Special Investment Facilitation Council (SIFC) and Karachi’s trading community, focusing on prospective investment avenues and the prevailing economic circumstances.
SIFC representatives, including Dr. Jahanzeb Khan and the director-general, outlined various promising sectors for investment, such as agriculture, IT, and mining, to the trading community.
The traders responded positively to the policies presented by the SIFC, subsequently engaging in a thoughtful panel discussion.
Previously, the interim Prime Minister, Anwaarul Haq Kakar, emphasized that the newly established SIFC would maintain its momentum in facilitating swift foreign investments, notably from Saudi Arabia.
In the previous month, the council greenlit 28 projects with a multi-billion dollar valuation, targeting Gulf nations as potential investors. These initiatives encompass significant undertakings like the Diamer-Bhasha dam construction and mining ventures in Balochistan’s Reko Diq region.
The sanctioned project roster indicates the possibility of attracting investments surpassing the $28 billion allocated under the China-Pakistan Economic Corridor (CPEC), with nations such as Qatar, Saudi Arabia, the UAE, and Bahrain showing interest.