In a huge economic development, Pakistan eyes $60 Billion investment
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Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed optimism on Tuesday that the Special Investment Facilitation Council (SIFC) could attract investments 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 as a streamlined process for addressing foreign investors' concerns.
Key issues such as the repatriation of funds and bureaucratic obstacles have already been addressed, with a 15-day approval process for foreign investments being implemented.
Additionally, a dispute resolution mechanism has been established under the SIFC platform. The government also aims to finalize a deal with Saudi Arabia for their involvement in the Reko Diq gold and copper mining project by December.
