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SIFC paving way for foreign investments to boost economy

Special Investment Facilitation Council is paving the way for investments from different countries to improve the country’s economic situation. In this regard, Memorandums of Understanding (MoUs) have been signed between Pakistan and the United Arab Emirate aimed at enhancing bilateral cooperation. The UAE has expressed interest in investing in various sectors, including banking, mining, railways and infrastructure. A significant agreement between Pakistan Railways and the UAE’s Etihad Rail is expected to improve the railway network. The strategic partnership between Pakistan and the UAE will enhance cooperation in trade, investment and energy sectors. Pakistan, Uzbekistan set $1 billion trade target: Uzbek

Govt pursuing strategy for investor-friendly policies: PM Shehbaz

Prime Minister Shehbaz Sharif says business community and industrialists are the backbone of country’s economy and resolving their problems is government’s top priority. Talking to leading businessmen and industrialists in Islamabad, he said the government is vigorously pursuing the strategy to bring in business and investor-friendly policies in the country. The Prime Minster said the business community and investors have been provided with a simple and easy platform under the Special Investment Facilitation Council, where facilities are being provided under one-window operation. He informed that a major task has been completed regarding the digitization of the Federal Board of Revenue

Govt pledges support to private sector for export growth, says Ahsan Iqbal

Minister for Planning Ahsan Iqbal says the government is committed to provide policy support and investment facilities to the private sector to stimulate exports and bring innovation into the economy. He was chairing second meeting of the Policy Board under “Uraan Pakistan” Programme in Islamabad. The meeting emphasized promotion of private investment, export growth, industrialization, infrastructure up-gradation, innovation, and the advancement of modern technologies to drive Pakistan’s economic development. Speaking on this occasion, Ahsan Iqbal highlighted the need to focus on the 5Es framework to transform Pakistan into a three trillion dollars economy by 2047. Various proposals were also presented

Maryam Nawaz chairs 23rd provincial cabinet meeting to approve ‘Zero Time to Start Policy’ for Industries

Lahore: Chief Minister Punjab Maryam Nawaz Sharif presided over 23rd provincial cabinet meeting in which 90-points were discussed. The provincial cabinet took an important decision to promote industrialization in Punjab and approved ‘Zero Time to Start Policy’ for Special Economic Zones, Industrial Estates, and Small Industrial Estates. The Chief Minister said, “Investors should come, set up industries, start their work, action will be taken later on. We want to provide all kinds of facilities to the industrialists in Punjab for doing business. They may set up as many industries as they can, they will be given NOCs immediately. The difficult

PM Shehbaz welcomes reduction in policy rate by SBP

Prime Minister Muhammad Shehbaz Sharif, welcoming the one percent reduction in policy rate by the State Bank of Pakistan, has said it would help boost the investors’ confidence in the country’s economy. In a statement, he termed the policy rate reduction to 12 percent as a welcome move for the economy and expressed the hope that it would pave the way for increase in investment. The Prime Minister said the policy rate has been reduced due to the low inflation rate. He expressed his optimism that the inflation would further decrease in the coming months. He also lauded the efforts

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