SIFC launches business, investment-friendly visa facility

December 15, 2023 (MLN): The executive committee for the Special Investment Facilitation Council (SIFC) launched a business and investment-friendly SIFC Visa facility yesterday in the seventh meeting of the SIFC committee in Islamabad.

This is an important milestone to create an enabling environment for foreign investors, said a press release issued on the same day.

The committee was convened to review the progress of various policy level initiatives and projects in the key sectors, and was chaired by the Minister for Planning, Development, and Special Initiatives and attended by concerned Federal and Provincial Ministers and high-level government officials.

On the inaugural day, the concerned ministries presented progress on various projects and related aspects and recommended various measures for further improving the business and investment climate.

The committee appreciated the overall progress in various sectors and level of economic engagements with friendly countries, especially the signing of MoUs and Agreements with the United Arab Emirates and the State of Kuwait; the Committee directed ministries to expedite the work on bankable projects for translating these commitments into realities.

The committee reviewed systemic issues related to actualization of various economic zones and deliberated upon various measures to revamp industrial development regime at national level.

The ongoing privatization process of State Owned Enterprises (SOE) was reviewed by the Committee and concerned stakeholders were directed to expedite the processes in line with the envisaged timeframe.

The meeting will continue for two days.

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