Islamabad: In a significant move aimed at bolstering economic growth and attracting foreign direct investment, the Special Investment Facilitation Council (SIFC) and the Public Private Partnership Authority (P3A) have signed a Memorandum of Understanding to collaborate on the “Invest Pakistan” project. This agreement marks a milestone in Pakistan’s efforts to streamline investment processes and enhance its global investment outreach.
According to a statement by Press Information Department, the MoU was signed by Jamil Ahmad Qureshi, Secretary of SIFC, and Malik Ahmad Khan, CEO of P3A. The “Invest Pakistan” project, approved by the Central Development Working Party on June 26, 2024, aims to position Pakistan as a preferred destination for global investors.
As the executing agency, SIFC will work closely with P3A to design a dynamic hiring process for skilled professionals crucial to the project’s success. Secretary SIFC, Jamil Ahmad Qureshi, emphasized the need for top talent to drive the nation’s investment agenda, highlighting the role of technical specialists in attracting potential investors.
Malik Ahmad Khan, CEO of P3A, stressed the importance of a strong human resources framework in executing large-scale projects. He expressed commitment to supporting SIFC in securing quality human resources for the project, which he views as vital to Pakistan’s economic transformation.
The partnership aims to enhance Pakistan’s investment climate by leveraging public-private synergies to create a conducive environment for investors. The “Invest Pakistan” project will provide a one-stop platform for potential investors, offering streamlined processes and strategic insights into opportunities across various sectors.
Both organizations expressed confidence that this partnership will contribute to achieving Pakistan’s vision of economic prosperity and sustainable development through enhanced investment facilitation.
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