SIFC-backed economic reforms steering Pakistan toward new direction

Pakistan’s economy is moving toward a new direction as economic reforms continue under the support of the Special Investment Facilitation Council (SIFC).

The SIFC has helped create a more favorable environment for economic reforms by improving coordination between different sectors and institutions.

According to economist Professor Dr Naveed, the SIFC has played an important role in promoting policy alignment and practical reforms across various government and economic departments.

He said that one of the major achievements has been improved access to China’s capital market through Panda Bonds, which marks a significant milestone for Pakistan’s financial sector.

Professor Dr Naveed added that the SIFC is working to expand Pakistan’s economic roadmap and long-term development strategy.

He noted that growth in tourism, healthcare, and service-based exports is helping promote both economic and social development in the country.

He further said that Pakistan has strengthened its diplomatic reputation and is now entering the next phase of economic progress.

According to him, the results of SIFC initiatives are beginning to appear, and their long-term benefits will continue to support the country’s economy.

The SIFC’s one-window system is also helping ensure timely decision-making and faster completion of development projects across different sectors.