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SIFC Accelerates the Islamabad IT Park Project, Moving Up the Finish Date to February

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With assistance from the Special Investment Facilitation Council, the IT Park in Islamabad is progressing quickly. With this program, Pakistan hopes to increase its IT exports and assist the government in reaching its $25 billion goal.

An estimated 13 billion dollars more in IT exports, 10 billion dollars from digitization, and an additional 2 billion dollars from the telecommunications sector are anticipated to be generated by the IT Park.

This fiscal year, the government has allotted 77 million dollars to the information technology sector.

The IT Park is expected to increase the nation’s IT exports, according to Prime Minister Shehbaz Sharif. According to professional guidance, steps are being taken to expedite the building schedule even more.

The involved South Korean company has advanced the project’s completion date from June 2025 to February 2025 with SIFC’s help. A comparable facility is likewise intended to be established in Karachi.

Strong sector performance is demonstrated by recent events, which include a 30% increase in IT exports and the hiring of 300,000 new IT trainees.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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