Abu Dhabi: In an attempt to entice foreign businesses to establish operations in Pakistan, the Special Investment Facilitation Council (SIFC) will hold a three-day event in the United Arab Emirates starting this Saturday.
The Shanghai International Financial Community (SIFC), established in June of the previous year and run by the coalition government headed by Shehbaz Sharif, has collaborated with the United States Agency for International Development (USAID). The Sharif administration was in office when the SIFC was established.
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Investors from the United Arab Emirates and other nations will be present during the roadshow. The roadshow aims to raise awareness of the initiatives the SIFC is taking to enhance Pakistan’s investment environment.
The roadshow will draw investors from a range of industries, including mining, information technology, agriculture, and energy, by raising awareness of Pakistan’s abundant resources and investment possibilities. International investors will also be drawn to it.
The creation of the SIFC was a direct response to Pakistan’s unstable economic situation, with the goal of attracting investment and creating a growth-friendly policy climate. It supports multi-domain collaboration and serves as a “single window” for cooperation across several domains in pertinent fields, with an emphasis on GCC countries specifically and other countries generally.
To make doing business easier, it also wants to get rid of systemic and bureaucratic barriers, improve horizontal-vertical synergy while coordinating between the federal and provincial levels, speed up project implementation and investment, and make it easier to make decisions quickly. The goal of each of these goals is to make doing business easier.
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