Authorities are poised to execute an ambitious investment promotion strategy through a collaborative initiative between the National Institute of Public Administration (NIPA) and the Pakistan Administrative Staff College, aiming for substantial enhancements in industrial investment and economic development.
The Special Investment Facilitation Center (SIFC) will be instrumental in this transformative drive by establishing “Business Facilitation Centers” aimed at optimizing investment processes and attracting both domestic and foreign capital.
Principal features of the comprehensive plan encompass:
- Forming collaborative working groups to augment domestic and international investment prospects
- Formulating a comprehensive strategy to eradicate obstacles to industrial development
- Formulating a novel model to tackle issues in the execution of industrial projects
- Striving to enhance Pakistan’s international business rating by 50 points
Targeting $20 billion in foreign industrial investments within the next five years.
The approach prioritizes digital transformation to enhance the transparency and efficiency of the investment process. SIFC’s strategy emphasizes fostering a favorable atmosphere for investors by streamlining bureaucratic processes and offering strategic assistance.
National administration officers are conducting ongoing study to identify and mitigate potential investment barriers, while a specialized research group is formulating a comprehensive strategy to solve current hurdles in industrial growth.
