Government Approves 28 Major Projects Worth Billions of Dollars with SIFF’s Support to Boost Economic Stability

Islamabad:The government has approved 28 significant projects worth billions of dollars, supported by the Special Investment Facilitation Council (SIFF), paving the way for economic stability in the country.

The government has also decided to invite investment in these projects from 23 countries, including Saudi Arabia, the United Arab Emirates, Qatar, and Bahrain. Key projects, such as the Saudi Aramco refinery, the Diamer Bhasha Dam, and the Reko Diq mining project, are being specifically considered for investment from Gulf countries.

In addition, projects under SIFF’s umbrella, including corporate farming, technology zones, cloud infrastructure, semiconductor design, and smart device manufacturing, are also being presented for investment.

To ensure the swift implementation of these projects, priority visas will be issued to citizens of these countries. The scope of these projects falls under SIFF’s priority sectors, which include food, agriculture, IT, minerals, petroleum, and energy.

Consultations have also been held regarding the introduction of the “Pakistan Sovereign Wealth Fund” to provide equity capital for SIFF-approved projects.

With effective policymaking supported by SIFF, these projects will play a key role in the country’s economic revival and promoting investment.