SIFC, P3A sign MoU for 'Invest Pakistan' project

January 15, 2025 (MLN): The Special Investment Facilitation Council (SIFC) and the Public Private Partnership Authority (P3A) have signed a Memorandum of Understanding (MoU) to strengthen collaboration on the development of the 'Invest Pakistan' project.

The MoU will aid in promoting sustainable economic growth and attracting foreign direct investment, according to the press release.

The MoU was signed by Jamil Ahmad Qureshi, Secretary of SIFC, and Malik Ahmad Khan, CEO of P3A, marking a significant step in Pakistan’s ongoing efforts to streamline investment processes and enhance its global investment outreach.

The "Invest Pakistan" project, which was approved by the Central Development Working Party (CDWP) on June 26, 2024, is a flagship initiative designed to position Pakistan as a preferred destination for global investors.

As the executing agency, SIFC will collaborate closely with P3A to design and implement a dynamic recruitment process, ensuring the hiring of highly skilled professionals crucial for the project's success.

Speaking on the occasion, Secretary of SIFC, Jamil Ahmad Qureshi, stressed the importance of attracting top talent to advance Pakistan’s investment agenda.

“This collaboration with P3A will help us build a strong pool of technical specialists who will play a pivotal role in identifying and targeting potential investors to promote investment opportunities in Pakistan,” he stated.

Malik Ahmad Khan, CEO of P3A, emphasized the importance of a strong human resources framework for the successful execution of large-scale development projects.

He further added that P3A has successfully formulated and implemented its HR framework to ensure merit-based hiring.

We are committed to supporting SIFC in attracting quality human resources for the ‘Invest Pakistan’ project, which is crucial for Pakistan’s economic transformation, he said.

This partnership aims to strengthen Pakistan’s investment climate by leveraging public-private synergies to create an enabling environment for investors.

The “Invest Pakistan” project will serve as a one-stop platform for potential investors, offering them streamlined processes, expert facilitation, and strategic insights to explore and capitalize on opportunities in Pakistan’s diverse sectors.

The MoU signifies a shared commitment to driving economic growth and promoting Pakistan as a competitive global investment destination.

Both organizations expressed confidence that this partnership will contribute to achieving the country's vision of economic prosperity and sustainable development through enhanced investment facilitation.

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