Govt approves 28 major projects under SIFC

Author: inp

The government has approved twenty-eight major projects under Special Investment Facilitation Council (SIFC) with a total value in billions of dollars. The government has decided to invite investments from twenty-three countries including Saudi Arabia, United Arab Emirates, Qatar and Bahrain for these projects. Several significant projects, such as Saudi Aramco refinery, Diamer-Bhasha Dam and Reko Diq mining projects are being considered to be specially offered to Gulf countries for investment. Additionally, projects under the SIFC such as corporate farming, technology zones, cloud infrastructure, semiconductor designing and smart device manufacturing are open for investment. Consultations are underway to introduce Pakistan Sovereign Wealth Fund to provide equity capital for SIFC approved projects.

Share
Leave a Comment

Recent Posts

  • Business

Finmin, WB discuss 10-year country partnership framework

A follow-up meeting was held here Monday between Federal Minister for Finance and Revenue, Senator…

28 mins ago
  • Business

PSX witnesses bullish trend, gains 663 points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 663.42…

28 mins ago
  • Business

Rupee gains 5 paisa against dollar

The Rupee on Monday appreciated by 05 paisa against the US Dollar in the interbank…

29 mins ago
  • Business

Gold prices up by Rs1,100 to Rs 314,800 per tola

The price of 24 karat per tola gold increased by Rs.1,100 and was traded at…

29 mins ago
  • Business

Textile exports surge by 9.3% in 8 months

Textile exports witnessed an increase of 9.31 per cent during the first eight months of…

30 mins ago
  • Business

Pakistan’s trade deficit declined to $24.11bn in FY24

Federal Minister for Commerce Jam Kamal Khan on Monday informed the National Assembly that Pakistan's…

30 mins ago