SIFC playing active role to attract investment from Gulf: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday said that the Special Investment Facilitation Council (SIFC) was playing an active role in attracting investors from Gulf countries, including Qatar, to benefit from opportunities in key sectors of the economy.

The prime minister, in a meeting with Qatar’s Ambassador to Pakistan Ali Mubarak Ali Essa Al-Khater, said that Pakistan and Qatar enjoyed strong, fraternal ties.

He expressed Pakistan’s desire to expand bilateral cooperation across all spheres, particularly trade and investment, the official news agency reported. He also conveyed warm regards to the Amir of Qatar.

The prime minister encouraged the Qatari ambassador to explore the potential for cooperation in tourism and media sectors.

He said that Pakistan appreciated the role played by Qatar in diplomatic efforts that led to a temporary ceasefire in Gaza.

Kakar stressed the need for concerted efforts by the international community, particularly Muslim Ummah, to bring peace in Palestine.

As this was Ambassador Al-Khater’s first call on the prime minister since presenting his credentials in November, he congratulated the envoy on assuming ambassadorial responsibilities in Pakistan and hoped that the bonds of friendship between the two countries would further strengthen during his tenure.

A day earlier, a meeting of the apex committee of the Special Investment Facilitation Council (SIFC) chaired by Caretaker Prime Minister Anwaar-ul-Haq Kakar reviewed progress on various measures being undertaken to improve the investment climate and approved various policy level interventions to further facilitate the investors including strengthening of domestic dispute resolution mechanism.

The committee reviewed various projects and initiatives being pursued through the platform of SIFC.

It reviewed progress on privatisation and appreciated the collaborative approach of various stakeholders in timely completion of various critical benchmarks and gave directions to maintain the momentum, the PM Office Media Wing said in a press release.