Pakistan PM directs ministers to identify feasible projects for foreign investment
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed federal ministers to identify feasible projects for foreign investment in priority sectors, his office said in a statement, amid Pakistan’s push to attract investment to ward off its macroeconomic crisis.
Pakistan’s government has sought closer trade and economic relations with regional allies, Gulf countries and Central Asian Republics in recent years to bolster foreign trade and investment. Islamabad formed the Special Investment Facilitation Council (SIFC), a government body comprising senior civilian and military officials, in 2023 to fast-track decisions related to investment in minerals, agriculture, tourism, IT, livestock and other sectors.
The Pakistani prime minister, who is due to travel to New York today to take part in the United Nations General Assembly, chaired a meeting of senior ministers and officials in London on enhancing investment, economic, and trade activity in Pakistan.
“The prime minister directed all ministers to immediately identify feasible projects and take steps to turn them into actionable initiatives,” the Prime Minister’s Office (PMO) said in a statement.
