SIFC Division set up to attract investment

To make council more active and speed up its decision-making, Special Investment Facilitation Council Division has been set up.

By Our Correspondent
July 23, 2024
Prime Minister Shehbaz Sharif chairing the second meeting of the Apex Committee in Islamabad on July 21, 2023. — PID
Prime Minister Shehbaz Sharif chairing the second meeting of the Apex Committee in Islamabad on July 21, 2023. — PID

ISLAMABAD: Decision has been taken to empower the Special Investment Facilitation Council (SIFC) to attract local and foreign investment in the country.

To make council more active and speed up its decision-making, the Special Investment Facilitation Council Division has been set up. This decision will boost the confidence of investors.

The prime minister has approved the establishment of the new division under Rule (3) of the Rules of Business, 1973. The SIFC Division will function under the Cabinet Secretariat. Earlier SIFC was working under Planning and Development Division. The Cabinet Division has issued a formal notification for the establishment of the new division. In this regard, the Rules of Business 1973 will further be amended. Office memo of this decision has been sent to SIFC Secretariat, Establishment Division and Cabinet Division.