SIFC's visa policy revisions bolster foreign investor confidence

June 03, 2024 (MLN): Policy initiatives by the Special Investment Facilitation Council (SIFC), such as revising the visa policy to remove unnecessary barriers, have increased the confidence of foreign investors.

National Seed Development and Regulatory Authority has also been set up to provide high-quality seeds to the farmers which will not only ensure an increase in crop production but also provision of better advice and guidance to the farmers, says Information Ministry.

Additionally, a formal Cannabis Regulatory Authority has been established and work has begun on policy formulation to explore the medical benefits of cannabis.

Moreover, a comprehensive policy has been prepared to enable the export of seafood to other countries, through which fish and other products will be processed according to international standards, which will benefit the industry.

Due to the facilitation of the SIFC, the country was able to implement a national space policy.

I-Cube Q satellite reached the moon and another communication satellite was launched last Thursday.

A lot of progress has also been made in upgrading the existing refineries to Euro-5 standard which will help in providing high-quality petroleum products to the consumers.

The SIFC further played a key role in bringing about greater coordination between the provinces and the center.

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