01.09.2023 18:42
Foreign Secretary Syrus Sajjad Qazi convenes Special Investment Facilitation Council session in Islamabad.
Pakistan on Friday organized a special briefing session for diplomatic missions in the capital Islamabad in a bid to attract foreign investment.
The session on Special Investment Facilitation Council (SIFC), a forum formed in June to fast-track decision making, promote and facilitate FDI, was convened by Foreign Secretary Syrus Sajjad Qazi, Pakistan's former envoy to Türkiye.
Jahanzeb Khan, special assistant to the prime minister on government effectiveness, highlighted investment opportunities in Pakistan in four key areas: IT, agriculture, energy and mining.
"The participating diplomatic missions were requested to brief and encourage their countries to profit from the promise of Pakistan being a resource-rich country," the Foreign Ministry said in a statement.
Pakistan is mired in an economic crisis, with inflation at more than 27% and a depreciating currency, as well as rising political tensions in the run-up to a general election due later this year.
Raising fuel prices to record highs on Friday, the interim authorities have expressed helplessness in the face of inflated electricity bills, which have triggered sporadic protests.
A $3 billion bailout by the International Monetary Fund in July had averted a sovereign debt default. -