The Special Investment Facilitation Council (SIFC), a unified platform that brings together civil and military leadership, has emerged as a pivotal policy component since its establishment in June 2023. It has been instrumental in addressing multiple challenges faced by local businesses and attracting investments from friendly countries.

Foreign Direct Investment (FDI) has mostly encountered peculiar stumbling blocks during any government-to-government or private trade overtures and multinational corporations had trouble repatriating their shares of investment. By providing international investors with a guarantee of profit security, the SIFC has mitigated these worries to produce a conducive atmosphere that is expected to draw in up to an expected $60 billion in investments over five years. The SIFC has played a significant role in stabilising Pakistan’s foreign currency reserves; one of its major successes. Exchange businesses made a record-breaking $450 million in sales to banks in May 2024, making a substantial contribution to reserve building.

A new record of around $4 billion is predicted to be sold to banks throughout the fiscal year. The currency market has become even more stable as a result of the SIFC’s measures to crack down on the smuggling of foreign money. Smoother and more transparent transactions have been made possible by the advent of United Bank Limited (UBL), the third major commercial bank to run a foreign currency exchange operation, after Habib Bank Limited (HBL)........

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