SIFC provides enabling environment for investment

Special Investment Facilitation Council (SIFC) has provided an enabling environment for investment and business development in the country by working with utmost diligence and dedication over the last one year. The most important of the measures is the provision of facility for investors in the IT sector to repatriate up to fifty percent of their profits. According to data released by the State Bank of Pakistan, IT exports have grown by sixty two percent. Similarly, the establishment of the Office of the Investment Ombudsman has provided a platform to investors to resolve their issues efficiently and invest with confidence. Appellate Tribunals have also been established in the privatization and telecom sectors so that investors can seek guidance on legal issues related to their investments. Since June last year, the SIFC has made many amendments at the policy level due to which the efficiency of the government system has greatly improved. Under the policy measures, the visa policy has been revised by rem oving unnecessary barriers, which has increased the confidence of foreign investors. National Seed Development and Regulatory Authority has been set up to provide high quality seeds to the farmers. A comprehensive aquaculture policy has been formulated to enable the export of seafood to other countries. This will ensure the processing of fish and other aquaculture products in accordance with international standards, which will benefit the industry. Source: Radio Pakistan