AIRLINK 60.84 Increased By ▲ 1.14 (1.91%)
BOP 6.32 Increased By ▲ 0.06 (0.96%)
CNERGY 4.32 Increased By ▲ 0.05 (1.17%)
DFML 15.91 Increased By ▲ 0.21 (1.34%)
DGKC 69.12 Decreased By ▼ -0.08 (-0.12%)
FCCL 18.11 Decreased By ▼ -0.24 (-1.31%)
FFBL 26.37 Decreased By ▼ -0.38 (-1.42%)
FFL 9.18 Decreased By ▼ -0.10 (-1.08%)
GGL 10.21 Decreased By ▼ -0.09 (-0.87%)
HBL 117.06 Increased By ▲ 1.16 (1%)
HUBC 114.31 Decreased By ▼ -0.09 (-0.08%)
HUMNL 6.87 Increased By ▲ 0.07 (1.03%)
KEL 4.87 Decreased By ▼ -0.02 (-0.41%)
KOSM 5.36 Increased By ▲ 0.71 (15.27%)
MLCF 38.50 Increased By ▲ 0.11 (0.29%)
OGDC 123.33 Decreased By ▼ -1.97 (-1.57%)
PAEL 21.78 Increased By ▲ 0.22 (1.02%)
PIAA 11.80 Increased By ▲ 0.93 (8.56%)
PIBTL 6.08 Increased By ▲ 0.06 (1%)
PPL 113.07 Decreased By ▼ -1.03 (-0.9%)
PRL 28.22 Increased By ▲ 0.32 (1.15%)
PTC 11.39 Increased By ▲ 0.49 (4.5%)
SEARL 51.91 Increased By ▲ 0.21 (0.41%)
SNGP 67.35 Decreased By ▼ -0.91 (-1.33%)
SSGC 11.29 Decreased By ▼ -0.13 (-1.14%)
TELE 7.78 Decreased By ▼ -0.02 (-0.26%)
TPLP 11.54 Decreased By ▼ -0.06 (-0.52%)
TRG 71.72 Decreased By ▼ -1.15 (-1.58%)
UNITY 23.04 Decreased By ▼ -0.51 (-2.17%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,717 Increased By 68.3 (1.03%)
BR30 22,517 Decreased By -52.7 (-0.23%)
KSE100 65,326 Increased By 747.2 (1.16%)
KSE30 22,146 Increased By 256.6 (1.17%)

ISLAMABAD: Federal Minister for Privatisation, Fawad Hasan Fawad, chaired the second and final meeting of the SIFC Working Group on Development of Special Economic Zones held at the Privatisation Division.

The working group suggested the creation of a single authority for managing all types of economic, technology, and industrial zones for the facilitation of investment and development of industry. A working paper based on the recommendations of the working group will be submitted to the SIFC executive committee in its next meeting.

Pakistan to be world investment destination after SIFC

The meeting was attended by representatives of all key stakeholders at the federal and provincial levels. It was highlighted that the existing frameworks allow for different types of special zones offering different sets of incentives which is counterproductive for industrialization. The best facilitation of investment can be offered only when a single authority is formed and fully empowered by all stakeholders to cater to investors. It was further pointed out that legal and constitutional provisions exist for such cooperation and coordination between the federation and the federating units.

Copyright Business Recorder, 2023

Comments

Comments are closed.

TimetoMoVVeOn Dec 10, 2023 08:55am
Why not just give the entire country to SIFC ....in other words...this is miliary rule by hiding behind SIFC.
thumb_up Recommended (0)
KU Dec 10, 2023 10:42am
One wonders if this working group discusses the availability of affordable electricity or gas for projects or investments. Perhaps they have already worked this out and most likely load-shedding for the masses is on the cards to facilitate SIFC promises. But even then, it defies all common sense that when existing industries and agriculture suffer from the high costs of production, how can they expect investment from foreign companies?
thumb_up Recommended (0)