Islamabad: Pakistan’s industrial, tourism, and privatization sectors have registered notable achievements due to the efforts of the Special Investment Facilitation Council (SIFC).

According to Radio Pakistan, Build Your Dreams has partnered with local companies in Pakistan for the production of electric vehicles. This partnership is a significant development under the SIFC, which has successfully reduced the time required for industrial approvals by thirty-five percent, effectively restoring investor confidence. Additionally, the Pakistani startup ‘BookMe’ has expanded its operations to Saudi Arabia, further illustrating the positive impact of SIFC’s initiatives.

In the tourism sector, the restoration of forty-four guest houses in Gilgit-Baltistan has led to the creation of four thousand jobs focused on green tourism. In the Sindh province, tourism development at locations such as Keenjhar Lake and Gorakh Hills has set new examples of private sector partnerships, demonstrating the collaborative potential in these areas.

A significant step forward in promoting tourism and investment is the visa-on-arrival facility, which has been extended to citizens of 126 countries, including those from the GCC. This move is expected to enhance the country’s appeal as a travel and investment destination.

In the privatization sector, seven international companies have shown interest in the privatization of Pakistan International Airlines (PIA). Preparations are currently underway for the outsourcing of major airports in Islamabad, Karachi, and Lahore, which marks a pivotal moment in the country’s privatization efforts.