7 desks established under SIFC to attract foreign investment: minister

7 desks established under SIFC to attract foreign investment: minister

Islamabad (Web Desk): Minister for Information and Broadcasting Attaullah Tarar on Monday said that seven desks have been established under Special Investment Facilitation Council (SIFC) to attract investment from Saudi Arabia, United Arab Emirates (UAE), Qatar, China, European Union (EU), the United Stated (US) and Far East.

Addressing a news conference in Islamabad today, the minister said that the investors of friendly countries are expressing their satisfaction over the one window facility being provided by the SIFC.

He said the UAE has announced to make $10 dollars investment in Pakistan while there is also progress of bringing $5 billion investment from Saudi Arabia. He was confident that these investments will materialize.

The information minister said that Prime Minister Shehbaz Sharif will also visit China in a few days’ time to give impetus to China-Pakistan Economic Corridor (CPEC) project.

Attaullah Tarar said that the country's economy is taking off. He said the Current Account Deficit and inflation have declined while IT exports are witnessing surge.

He pointed out that the world financial institutions are also acknowledging our economic revival

The minister regretted the posture of a particular political party saying its narrative is based on enmity against the country.

“The narrative of this party will not succeed and Pakistan will continue its journey towards development,” the information minister said.