(24 News) Special Investment Facilitation Council (SIFC) is promoting foreign direct investment.
With the support of SIFC, significant progress has been made in the economy through international investment in Pakistan, the Competition Commission of Pakistan has approved foreign investment of 29.6 billion rupees in 2024, investment in banking, energy, pharmaceuticals and other important sectors. Sectoral Aramco Asia’s acquisition of 40% stake in Go Petroleum is an expression of confidence in its economic potential.
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The investment in Advance Pakistan Microfinance Bank by the Dutch Egyptian company is expected to promote modern technology in the financial sector, the investment of 50% shares in Fatima Rice Mills by the Italian company is a new example of foreign investment in the agricultural sector. A leading Swiss company has expressed its interest in the energy sector by buying 50% stake in Total Parko.
A private Saudi Arabian company has bought 77% of the shares of “Shell”, further strengthening the relationship between Pakistan and the Gulf countries, economic development and foreign investment with the support of the Special Investment Facilitation Council (SIFC). Government initiatives for promotion are welcome.