Islamabad: Pakistan has recorded substantial progress in key economic sectors during two years under the Special Investment Facilitation Council (SIFC), with landmark initiatives in industry, tourism, and privatization. The launch of a Reefer service by the National Logistics Cell (NLC) marks a significant advancement in cold chain logistics, showcasing the country's commitment to enhancing its logistical capabilities.
According to Radio Pakistan, the establishment of a semiconductor industry with SIFC's support has integrated Pakistan into the global value chain, representing a pivotal step forward for the nation's technological landscape. Additionally, a major breakthrough in sustainable transportation has been achieved with the introduction of electric vehicle (EV) solutions in collaboration with BYD and other mega conglomerates.
The country has witnessed a remarkable forty-one percent annual growth in Foreign Direct Investment (FDI), with $1.6 billion invested in the minerals, manufacturing, and energy sectors. This influx of investment is expected to catalyze further economic growth and development.
The establishment of Special Economic Zones (SEZs) aimed at boosting exports is projected to generate five hundred thousand new jobs by 2028, indicating a promising future for employment and economic expansion in Pakistan.
In the tourism sector, visa-on-arrival for citizens of one hundred and twenty-six countries, and visa-free entry for GCC countries, are anticipated to significantly boost tourism. The restoration of forty-four guest houses in Gilgit Baltistan has already created over four thousand employment opportunities, underscoring the sector's potential for job creation.
Furthermore, the government is actively pursuing the privatization of Pakistan International Airlines (PIA) and Distribution Companies (DISCOs) with support from international institutions, highlighting its commitment to reform and modernization.