SIFC-led initiatives to boost IT sector in Pakistan
ISLAMABAD: The government of Pakistan has launched several initiatives with the support of the Special Investment Facilitation Council (SIFC) for the development of the Information Technology sector. As a part of the initiative, the government has launched an ICT training portal to enhance the IT skills of youth. The plan
PM summons SIFC apex committee meeting today
ISLAMABAD: Apex committee meeting of the Special Investment Felicitation Council (SIFC)-mandated to introduce uniform policy and bring foreign investment- has been called today to discuss plans and goals for the year 2025. The meeting, to be chaired by Prime Minister Shehbaz Sharif, will also review its performance and endorse decisions
New gas reserves discovered in KP
PESHAWAR: The Oil and Gas Development Company Limited (OGDCL) has recovered new gas and condensate reserves in Khyber Pakhtunkhwa (KP), reported state broadcast Radio Pakistan on Thursday. According to a statement, the OGDCL has discovered significant gas reserves in Khyber Pakhtunkhwa under the natural resources exploration projects of the Special
200+ Saudi firms set to invest in Pakistan in February
WEB DESK: The Special Investment Facilitation Council (SIFC) Secretary Jamil Ahmed Qureshi has revealed a high-level Saudi delegation, consisting of representatives from 200 companies, is to visit Pakistan in February 2025. Qureshi highlighted the growing interest from Saudi Arabia and China, which are expected to play pivotal roles in shaping
CDA advised replacing government houses with high rises in Islamabad
The Special Investment Facilitation Council (SIFC) has requested the Capital Development Authority (CDA) to replace government houses with high-rise buildings to generate billions of rupees for the national exchequer, several media outlets reported. The development comes after the Pakistan Institute of Development Economics (PIDE) proposed CDA to consider vertical housing
Pakistan’s first multi-mission satellite PAKSAT MM1 now operational
Pakistan’s first multi-mission satellite, PAKSAT MM1, successfully becomes operational. Pakistan has marked a significant milestone in its space and digital development with the successful operationalisation of its first multi-mission satellite, PAKSAT MM1. Facilitated by the Special Investment Facilitation Council (SIFC), this satellite is poised to revolutionise the country’s communication infrastructure
Chinese firm proposes duty-free imports for solar panel manufacturing in Pakistan
A Chinese company has approached the authorities regarding setting up a solar panel manufacturing plant and has highlighted the importance of duty-free import of the necessary machinery. The Chinese company has stated that the incentives given to solar panel importers should also be extended to manufacturers to ensure there is
SIFC’s Green Pakistan initiative: Hashoo Group partners with Dewan Motors to expand EV infrastructure
Hashoo Group in collaboration with Dewan Motors Private Limited is all set to initiate a major endeavor to enhance Electric Vehicle (EV) infrastructure across Pakistan. As part of this collaboration, charging stations for electric vehicles at Hashoo Group’s widespread network of Hotels and Resorts, including the Pearl Continental, PC Legacy,
PM: SIFC’s performance shuts critics up
ISLAMABAD: Prime Minister Shehbaz Sharif, in his address at the 10th session of the Specialized Investment Facility Council (SIFC), praised the council’s effective performance. He emphasized that the council’s achievements counter critics and serve as a cornerstone in facilitating investment. Key Attendees The session, presided over by Prime Minister Shehbaz
Pakistan woos Saudi investment
ISLAMABAD: Pakistan has lined up over 25 potential projects aiming to draw in more than $32 billion from Saudi Arabia, promising higher returns than those offered in previous China-Pakistan Economic Corridor (CPEC) deals. High Return Opportunities Previously, a notable CPEC project set a 34 percent return rate for IPPs-related projects.
