Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed optimism on Tuesdaythat the Special Investment Facilitation Council (SIFC) could attractinvestments of more than $60 billion to Pakistan in the next five years.
In an interview with Arab News, he stated that the SIFC would function asa streamlined process for addressing foreign investors’ concerns.
Key issues such as the repatriation of funds and bureaucratic obstacleshave already been addressed, with a 15-day approval process for foreigninvestments being implemented.
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Additionally, a dispute resolution mechanism has been established under theSIFC platform. The government also aims to finalize a deal with SaudiArabia for their involvement in the Reko Diq gold and copper mining projectby December.