Tarar highlighted that these desks aim to draw investment from Saudi Arabia, UAE, Qatar, China, the European Union, the US, and the Far Eas
Islamabad: Pakistan establishes seven desks under SIFC for foreign investment. Information Minister Attaullah Tarar announced the establishment of seven investment desks under the Special Investment Facilitation Council (SIFC) to attract foreign investment from key global regions.
During a news conference in Islamabad, Tarar highlighted that these desks aim to draw investment from Saudi Arabia, UAE, Qatar, China, the European Union, the US, and the Far East. He emphasized the positive reception from investors regarding the one-window facility provided by the SIFC.
He revealed that the UAE has committed to a $10 billion investment in Pakistan, with an additional $5 billion investment anticipated from Saudi Arabia. Tarar expressed confidence in the realization of these investments.
The Information Minister also mentioned Prime Minister Shehbaz Sharif’s upcoming visit to China, intended to boost the China-Pakistan Economic Corridor (CPEC) project.
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Highlighting the country’s economic progress, Tarar noted improvements in the Current Account Deficit and inflation rates, along with a surge in IT exports. He remarked that international financial institutions are recognizing Pakistan’s economic revival.
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Tarar criticized a particular political party for its negative narrative against the country, asserting that such rhetoric will not hinder Pakistan’s path to development.
Pakistan establishes seven desks under SIFC for foreign investment
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