FEDERAL Minister for Planning Development and Special Initiatives Ahsan Iqbal announced at a news conference on Wednesday that the Apex Committee of the Special Investment Facilitation Council (SIFC) has prepared a roadmap for the national development and foreign investment in different sectors in the country. Indeed this is the way forward to diversify the export basket and exploit the country’s potential in different sectors.
Unquestionably, our country is blessed with abundant natural resources, young and dynamic workforce and a strategic geographic location. Regardless of this, it is unfortunate to note that our FDI at present is 1.5 billion dollars. Realizing the full potential requires a well-defined strategy and supportive investment climate. We are confident that the plan prepared by the Apex Committee of the SIFC will harness these strengths while addressing the challenges that hinder the country’s progress. One of the notable aspects of the decisions taken at the SIFC is its sector focused approach. Whilst addressing the presser, the Federal Minister for Planning, Development and Special Initiatives,Ahsan Iqbal, said foreign investors will be given all facilities under one roof in five potential sectors including defence production, agriculture, information technology, minerals and energy. Indeed such steps will instil confidence in investors both foreign and domestic and create a conducive environment for business growth. With the right execution of the plan, we can pave the way for inclusive growth, job creation and improved living standards for the people. It is only through bolstering our exports that we can steer the country out of the current debt trap and break the begging bowl once and for all. We must enhance the level of engagement with our friendly countries including those in the Gulf to attract investment in the prioritized sectors. One critical factor that cannot be overlooked is the significance of political stability. When potential investors perceive a stable political landscape, they are more willing to commit their financial resources, technology and expertise to the host country. To successfully draw in FDI, our political leadership must prioritize and ensure a stable political environment. Political stability provides the foundation for investor confidence fosters a conducive business climate and establishes a predictable framework for long term investments.
