SIFC leads effort to boost bilateral investments with Saudi Arabia

Islamabad: The Special Investment Facilitation Council (SIFC) has initiated a comprehensive review to enhance Pakistan’s economic cooperation with Saudi Arabia, sending over 50 questions to various ministries as part of a broader effort to strengthen bilateral investment ties, Business Recorder reported.

The initiative aims to develop a strategic roadmap for long-term investments between the two countries, focusing on key sectors such as energy, infrastructure, and manufacturing. Officials at a recent meeting in the Prime Minister’s Office discussed the details of this exercise, with participants preparing a detailed presentation and diagnostic report.

SIFC’s review is designed to identify target sectors, assess current challenges, and formulate an action plan that includes policy interventions and investment opportunities. The council seeks to create a clear, actionable framework that addresses sector-specific weaknesses while promoting financial viability and investor confidence.

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In addition to sectoral assessments, the process will examine regulatory gaps and potential barriers to investment. The council is engaging with key stakeholders to ensure that proposed strategies align with Pakistan’s long-term economic goals and create a conducive environment for both local and international investors.

The efforts come as part of Pakistan’s broader strategy to develop a diversified and competitive economy, increase its integration into global markets, and strengthen economic ties with the Middle East and Central Asia. SIFC officials emphasized that the responses from ministries will be crucial in refining the roadmap and ensuring effective implementation.

By fostering stronger trade relations and facilitating targeted investments, the SIFC-led initiative is expected to contribute to sustainable economic growth and position Pakistan as a regional investment hub.