Pakistan’s Ambassador to the United States Masood Khan says Pakistan has opened new doors for foreign investment in the sectors of IT, energy, agriculture, mining and defense production.
Addressing a two day conference on ‘Resilience and Reform in Pakistan’ in Washington D.C, the Pakistani envoy said a Special Investment Facilitation Council (SIFC) was established June this year to act as one window for foreign investors to facilitate speedy approval of projects, fast-track project development, and oversee implementation.
Addressing a jam-packed hall, comprising members of think-tank community, entrepreneurs, opinion makers and media, Masood Khan said that Pakistan is a country with a destiny. “Our geography, our people and our ideals determine that destiny. We have a mission to fulfil and the resolve to go the distance,” he said.
“We have outlived many doom and gloom forecasts; and so would we, this time. Our growth ran into headwinds but this year we did not default, kept our economy afloat and brought currency rates and inflation down,” he said.
“We rode through the storms of floods and the pandemic. This is resilience,” he added.
Acknowledging the ongoing challenge of multiple transitions, Masood Khan said that he won’t call it a ‘polycrisis’. “Name any state that is not facing excruciating stress in the region and beyond. We are experiencing our share of pain as we evolve.”
Highlighting the promising demographic profile and a profitable consumer market of the country that extends to East, Central and West Asia as well as to the Middle East and Africa, the Ambassador noted presence of a strong and dynamic private sector, both formal and informal, which is now buoyed by the tech sector.
He said that a Special Investment Facilitation Council (SIFC) was established June this year to act as one window for foreign investors to facilitate speedy approval of projects, fast-track project development, and oversee implementation.
