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Business & Finance

SIFC makes investment pitch in Dubai to highlight Pakistan’s ‘latent potential’

  • Investment roadshow is 'first of its kind in country's history to mobilise foreign investments at global stage', says SIFC
Published November 7, 2023

The Special Investment Facilitation Council (SIFC) hosted an investment roadshow in Dubai from 5-7 November in collaboration with USAID with a “singular focus to project latent potential of Pakistan and attract global investments in key sectors of the economy”.

According to a press release issued by the Prime Minister’s Secretariat, the roadshow attracted a large number of global businessmen and is “the first of its kind in the country’s history to mobilise foreign investments at a global stage…expected to catalyse SIFC’s endeavors”.

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The statement, shared by SIFC on social media platform X, said that officials highlighted the country’s immense potential and investment opportunities “under the auspices of SIFC”, which was formed in June 2023 under then prime minister Shehbaz Sharif’s government to attract foreign investment and stimulate economic growth.

Projects under SIFC were pitched for attracting prospective investments at the show, which garnered enormous traction, as investors were given insights into the country’s “transforming investment climate.”

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Some 30 Pakistani firms presented proposals and growth strategies during pitch sessions B2B in various areas including agriculture, IT and energy.

As per a video shared by Jamil Qureshi, Secretary to SIFC, the event was held at Dubai’s Shangri-La Hotel where the audience heard from Stephen Berlinguette, Director USAID, Pakistan, as well as DelSys, which provides mobile refueling services. A fireside chat was also held featuring Walid G Mansour, co-CEO and co-founder of Middle East Venture Partners, which provides early and growth-stage funding to firms.

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Comments

200 characters
Parvez Nov 07, 2023 05:19pm
I wonder who's paying for for this shopping spree ..... because no person from outside in his right mind will put money in Pakistan when they see that ALL our so called leaders business men, politicians, bureaucrats and others as have stashed their wealth abroad.
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IMTIAZ CASSUM AGBOATWALA Nov 07, 2023 07:48pm
So many road shows have been held in the past with similar objectives . The only thing they achieved was free ride and hotel stay for the govt employees.
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Cool boy Nov 07, 2023 08:35pm
This will not work... Arabs want Pakistan to be their client state they know they can't make money in Pakistan
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werwer Nov 07, 2023 09:06pm
What the hell is SIFC...plainly put it is a bunch of army officers who got into the economic department. Now they are selling this all over as if everyone is stupid. You cannot keep fooling the people all the time. What happened to CPEC? China gave so much money for CPEC to succeed. So some results, then rest will comein. This road show is just a waste of money.
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werwer Nov 07, 2023 09:07pm
SIFC is basically a capitulation of the government to the army and they want everyone to bless it. that's it.
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Iqbal Hussain Nov 07, 2023 09:44pm
No need for such roadshows. Simply, improve law and order situation. Investor's number one priority is the law and order situation of a country, which unfortunately we lack.
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zh Nov 08, 2023 01:39am
SIFC is the brainchild of Ge, Asim Munir. The general has assured businessmen that he wold bring 1000 billion of investment from Middle east. Let us see, how successful he is in effort or all the promises are nothing more that a pie in the sky.
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UbaidMuzaffar Nov 08, 2023 02:31am
I am amazed if attracting investment in Pakistan is a job of Sifc or Investment Market/Banks??? It happens only in Pakistan...
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Power Master Nov 08, 2023 03:19am
Only stupid will invest in pakistan Pakistani smuggling their wealth overseas to settle there
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Zaryab khan Nov 08, 2023 06:16pm
The only way forward is to convert all the developmental budget both federal and provincial for the sole purpose to get oil and gas from the tharcoal project in large scale like China and South Africa even if u have to change the constitution
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