Establishes the Special Investment Facilitation Council (SIFC)
20 Jun 2023
On 20 June 2023, the Government of Pakistan approved the establishment of the Special Investment Facilitation Council (SIFC), a facility to act as a "single window" to facilitate investors, establish cooperation among all Government departments, and fast-track project development. It is chaired by Prime Minister with members including federal ministers, provincial chiefs and the head of the army. The Government established the SIFC to shorten lengthy business processes through a cooperative and collaborative whole-of-the-government approach with the representation of all stakeholders. It is aimed at capitalizing on Pakistan's untapped potential in key sectors of defense production, agriculture, mining, information technology (IT) and energy through domestic and foreign investments.
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Type:
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Promotion and facilitation (Investment facilitation )
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Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing, Mining and quarrying)
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Services (Electricity, gas, steam and air conditioning supply, Telecommunications, Computer programming, consultancy and related activities, Public administration and defence; compulsory social security)
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Sources:
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National Assembly of Pakistan, The Gazette of Pakistan, Extra, https://na.gov.pk/uploads/documents/64d4dabf64a0c_139.pdf, 05 Aug 2023
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Government of Pakistan, PID, PR No. 164 ECO REVIVAL PLAN – SIFC MEETING Islamabad: June 20, 2023, http://pid.gov.pk/site/press_detail/22908, 20 Jun 2023
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Government of Pakistan, BOI, BOARD OF INVESTMENT (AMMENDMENTS) ACT 2023, https://invest.gov.pk/about-us/boi-act, 20 Jun 2023
