SIFC assures Chinese firm of investment facilitation in mining sector

The  Special Investment Facilitation Council (SIFC) apex committee on Saturday assured a Chinese firm of providing facilitation for investment in the mining sector.

According to details, Prime Minister Shehbaz Sharif chaired the meeting, attended by the four chief ministers, information minister, finance minister, interior minister and defence minister. The committee expressed interest in increasing investment in the mining and minerals sector during a briefing on Pakistan's mining sector.

Participants were also informed about additional investment plans. The briefing also covered the matter in line with fool-proof security of Chinese citizens working in Pakistan. It was said that China had invested over $65 billion in energy and infrastructure projects in Pakistan.

The committee highlighted the crucial role of SIFC in attracting investment to the country. The meeting focused on prioritized sectors, including mining, minerals, IT, and agriculture, and engaged in discussions with delegations from Saudi Arabia, UAE, Japan, Azerbaijan, Qatar, and other countries.

The participants welcomed the announcement of $10 billion investment by the UAE and briefed the Chinese firm on investment opportunities in Pakistan's mining sector. The meeting aimed to facilitate investment and strengthen economic partnerships.

Earlier, the Prime Minister House had accepted the request of Khyber Pakhtunkhwa Governor Faisal Karim Kundi and invited Chief Minister Ali Amin Gandapur.

CM Gandapur had accepted to attend the key huddle.

Expressing his gratitude, Gandapur affirmed his attendance at the meeting, emphasising the importance of KP's participation in endorsing projects crucial for the region's prosperity. "I will definitely attend the meeting," he assured during a special conversation.