PM Optimistic that SIFC will Bring in More than $60 Billion for Pakistan
Anwaar-ul-Haq Kakar, the acting prime minister, is optimistic that Pakistan would get over $60 billion in investments from the Special Investment Facilitation Council (SIFC) over the course of the next five years.
Karobar
Prime Minister emphasized the SIFC's function as a one-stop shop to address issues raised by foreign investors in an interview with Arab News. In order to satisfy the needs of foreign direct investment, the prime minister pointed out that important issues, such the repatriation of funds, have already been addressed.
In addition to streamlining procedures and creating a dispute resolution mechanism inside the SIFC framework, efforts have been made to shorten the approval period for foreign investments to just 15 days.
In response to a query, Anwaar ul Haq Kakar disclosed that continuing talks between Pakistan, Saudi Arabia, and the Barrick Company are intended to conclude an agreement by December for Saudi Arabia to purchase shares in Reko Diq.
