AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Special Investment Facilitation Council (SIFC) has played a pivotal role in boosting export growth over the past three years by focusing on value addition in domestic resources and production. The council’s initiatives align with the broader vision of achieving self-reliance through enhanced local manufacturing capabilities.
According to Radio Pakistan, significant progress has been made in improving the value addition of raw materials, particularly within the mineral sector, adhering to international standards. A key development in this area is the Pakistan Mineral Development Corporation’s (PMDC) agreement with an American company, valued at two hundred million dollars, aimed at enhancing the value addition and export of pink salt.
Further advancements have been made in the agriculture and food-processing sectors. Modern slaughterhouses have been constructed to support the export of halal meat to Malaysia and other countries. Additionally, in collaboration with a Chinese company, a target of five hundred million dollars in annual exports has been set for chilgoza and other dry fruits through improved value addition processes.
The SIFC has also supported the local production of ventilators and the development of the semiconductor industry, marking significant steps towards achieving self-reliance and boosting export capacities. These efforts reflect a strategic approach to leveraging local resources for international trade, thereby fostering economic growth.