Decision to merge Board of Investment into SIFC, investment system will be further improved
Published 1 hour ago | By Pak24tv
The federal government has decided to merge the Board of Investment (BOI) with the Special Investment Facilitation Council (SIFC). According to sources, this merger will be completed before Prime Minister Shahbaz Sharif’s visit to China.
The thinking behind this decision is that having two separate investment-related institutions used to cause duplication and delay in work. If the institutions are merged, foreign investors will be able to get everything done from one place. In the new structure, SIFC will be responsible for preparing a comprehensive roadmap for foreign investment, policy implementation, Special Economic Zones and regulatory reforms.
This move is especially important with regard to the second phase of CPEC as other global investors, including China, need a clear and easy path to invest in Pakistan. Experts say that this merger is an important step towards integrating the investment system, but the real test will be its practical implementation.
