Islamabad: Foreign Direct Investment (FDI) has increased by forty-one percent, reaching 1.6 billion dollars in the country due to the effective strategy of Special Investment Facilitation Council (SIFC). Business deals and investment trends have seen a significant boost particularly in priority sectors such as energy, agriculture, and technology.
According to Radio Pakistan, SIFC’s Single Window model has led to significant improvements in project-based investment and inter-ministerial coordination. This streamlined approach has been instrumental in attracting substantial foreign investments and facilitating smoother business operations within the country.
In recent developments, Saudi company Aramco Asia has acquired a forty percent stake in GO Petroleum. This acquisition highlights the growing interest and confidence of foreign investors in the country’s economic potential. Additionally, Egyptian company MNT Halan has successfully acquired Advans Pakistan Microfinance Bank, marking another effective foreign investment move.
These strategic investments underscore the effectiveness of SIFC’s initiatives in fostering a favorable investment climate, thereby contributing significantly to the country’s economic growth.