ISLAMABAD: Foreign investment in Pakistan is experiencing a significant boost through the implementation of the Special Investment Facilitation Council’s (SIFC) one window platform, which is designed to streamline and enhance the investment process. The platform focuses on attracting investments in key sectors including information technology, agriculture, mining, minerals, and energy.

According to Radio Pakistan, the SIFC has successfully facilitated a Saudi investor delegation in signing agreements valued at $2.8 billion during their recent visit to Pakistan. This development marks a substantial increase in foreign direct investment, which grew by 32.3% in the first four months of the current fiscal year. The energy sector, in particular, witnessed a remarkable surge in investments, reporting a 120% increase, while other sectors collectively experienced a 41% rise.

Additionally, overseas remittances have reached $31.65 billion, contributing to the strengthening of Pakistan’s foreign exchange reserves. An understanding has also been reached between the government and Independent Power Producers (IPPs) on key issues, which could result in potential savings of up to 300 billion rupees for the national treasury. These developments underscore the effectiveness of the SIFC’s initiatives in attracting foreign investment and supporting economic growth in Pakistan.