Authorities are preparing to implement an ambitious investment promotion strategy. This effort will be a collaboration between the National Institute of Public Administration (NIPA) and the Pakistan Administrative Staff College. The plan aims to boost industrial investment and accelerate economic growth.
The Special Investment Facilitation Center (SIFC) will lead this transformative initiative. It will introduce “Business Facilitation Centers” to simplify investment processes. These centers are designed to attract both local and international capital.
Key elements of the investment promotion strategy include:
- Forming joint working groups to explore opportunities for domestic and foreign investments.
- Creating a roadmap to remove barriers to industrial development.
- Designing a new model to tackle challenges in industrial project execution.
- Improving Pakistan’s global business ranking by 50 points.
- Securing $20 billion in foreign industrial investments over the next five years.
Digital transformation is central to the strategy. The goal is to make investment processes more transparent and efficient. SIFC aims to create an investor-friendly environment by simplifying bureaucratic hurdles and providing strategic support.
Meanwhile, ongoing research by national administration officers is addressing potential obstacles to investment. A dedicated research group is working on a comprehensive plan to overcome challenges in industrial growth. This integrated approach is expected to pave the way for significant progress in economic development.
