Islamabad, Jan 19: The Special Investment Facilitation Council (SIFC) has taken a significant step toward enhancing Pakistan’s economic prospects by signing a Memorandum of Understanding (MoU) with the Public-Private Partnership Authority (P3A).
This collaboration aims to bolster the “Invest Pakistan” project, a flagship initiative designed to position Pakistan as a premier destination for global investment.
During the recent Executive Committee meeting of SIFC, stakeholders discussed strategies to promote export-driven investment through the ambitious ‘Uraan Pakistan’ program.
However, This program forms a core component of Pakistan’s National Economic Plan (2024–29), targeting a trillion-dollar economy by 2035.
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However, Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, highlighted the importance of collaborative efforts to achieve the program’s objectives.
The council emphasized the need for a collective national approach, referred to as the “Whole of the Nation” forum, to maximize the program’s benefits. Complementing this, Federal Minister for Information and Broadcasting Attaullah Tarar presented a comprehensive media strategy to amplify the program’s outreach and impact.
The MoU, signed by SIFC Secretary Jamil Ahmad Qureshi and P3A CEO Malik Ahmad Khan, underscores Pakistan’s commitment to streamlining investment processes and creating an investor-friendly environment. This partnership aims to foster sustainable economic growth by attracting foreign direct investment and nurturing public-private synergies.
The “Invest Pakistan” project, approved by the Central Development Working Party in mid-2024, serves as a cornerstone for transforming Pakistan’s economic landscape. The initiative envisions a one-stop platform for global investors, offering streamlined procedures, expert guidance, and strategic insights to unlock opportunities in diverse sectors.
Although, Speaking at the signing ceremony, Secretary Jamil Ahmad Qureshi emphasized the critical role of skilled professionals in advancing Pakistan’s investment agenda. “Through this partnership with P3A, we aim to recruit top talent to drive the success of the ‘Invest Pakistan’ project, ensuring we effectively target and engage potential investors,” he said.
However, CEO Malik Ahmad Khan echoed these sentiments, highlighting the importance of a robust human resource framework. “P3A is committed to supporting SIFC with merit-based hiring practices that will secure the expertise necessary for executing large-scale development projects,” he remarked.
Although, This collaboration is a vital step toward strengthening Pakistan’s investment climate, leveraging public-private cooperation to create a thriving, investor-friendly ecosystem.
