Special Investment Facility Council boosts investment in key trade sectors
Pakistan’s 2-year growth under SIFC is visible in every sector. During this time, significant progress has been made in the sectors of industry, tourism and privatization.
With the launch of NLC’s reefer service, Pakistan’s cold chain logistics through refrigerated containers has taken a significant step forward. In addition, with the support of SIFC, the semiconductor industry has been established, through which Pakistan has joined the global value chain.
Similarly, in a significant step towards sustainable transportation, BYD and a mega conglomerate have started introducing Electric Vehicles (EV) solutions in Pakistan.
Meanwhile, effective strategies for the revival of the textile industry, reduction in energy power cross subsidy and improvement in the LSM index have been implemented. SIFC has also partnered with the US and PEL to increase Pakistan’s industrial exports.
The SIFC forum has yielded positive results in industrial partnerships with domestic and international institutions. With the prompt approval of the SIFC, Yamaha, cement plants, gas and power projects have become operational, and 41% annual FDI growth rate, $1.6 billion has been invested in minerals, manufacturing and energy.
Establishment of Special Economic Zones (SEZs), increased exports and the possibility of creating 500,000 new jobs by 2028 have been created. In the field of tourism, the formation of themed tourism zones in Thandiani, Ganol and Sindh has begun.
In addition, the rehabilitation of 44 guest houses in Gilgit-Baltistan has created more than 4,000 job opportunities. The mobile app of tourism services has made it easy to access local guides and facilities. Visa on arrival for 126 countries and visa-free entry for GCC countries are also part of this development cycle.
Pakistan has gained global recognition through preparation for global ITB events and participation in Berlin 2025. Along with the privatization of PIA and DISCOs under government reforms, it has also received support from international institutions. The approval of G2G and energy agreements with friendly countries from the Apex Committee of SIFC has also been included.
The approval of SIFC has paved the way for G2G agreements, revival of DISCOs and energy reforms. One-window approval and inter-ministerial working group have been formed to expedite the privatization of DISCOs.
The appointment of SIFC as transaction advisor is an important milestone towards transparency, speed and progress in the privatization process.
