Finance Minister Touts Special Investment Facilitation Council as Key to Attracting Foreign Investment

Islamabad: Finance Minister Muhammad Aurangzeb emphasized the effectiveness of the Special Investment Facilitation Council (SIFC) as a tool for attracting foreign investment and streamlining processes for investors. His remarks came during a meeting with a delegation from the British International Investment Board.

According to Ministry of Information and Broadcasting, Minister Aurangzeb discussed the successful completion of a nine-month Stand-By Arrangement with the International Monetary Fund and the government’s commitment to sustainable economic growth. He outlined priorities including increasing the Tax to GDP ratio to approximately 13.7 percent through expanding the tax base and implementing full digitization of the Federal Board of Revenue (FBR).

The minister also highlighted ongoing initiatives in the energy sector aimed at reducing generation costs and the privatization of Distribution Companies (DISCOs). He stressed the government’s focus on State-Owned Enterprises (SOE) reforms, privatization, rightsizing of government, and fostering investments through Public Private Partnerships.

The British delegation expressed appreciation for the government’s efforts to stabilize the economy and improve the investment climate, signaling potential engagement with the SIFC to explore investment opportunities in Pakistan.

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