The Special Investment Facilitation Council (SIFC) has been instrumental in facilitating foreign direct investment (FDI) in Pakistan, with significant investments in critical sectors such as banking, energy, pharmaceuticals, and agriculture.
According to reports, the Competition Commission of Pakistan approved foreign investments totaling Rs 29.6 billion in 2024 alone. These investments span several key sectors, signaling strong foreign confidence in Pakistan's economic prospects.
A notable development occurred in April 2024, when Aramco Asia, a subsidiary of the Saudi oil giant, acquired 40% shares in Gas & Oil Pakistan Petroleum. This deal reflects a clear endorsement of Pakistan's energy market by one of the world's leading energy companies.
Analysts have pointed out that this move could potentially open doors for further collaboration between Saudi Arabia and Pakistan in the energy sector.
In a separate yet equally significant move, a Dutch-Egyptian consortium invested in Advance Pakistan Microfinance Bank. This investment is expected to modernize Pakistan’s financial sector, particularly through the introduction of cutting-edge technology. Experts predict that this could lead to improved financial inclusion across the country, particularly for underserved populations.
The agricultural sector also witnessed a substantial foreign investment when an Italian company acquired 50% shares in Fatima Rice Mills. This investment sets a new precedent for foreign involvement in Pakistan’s agriculture, an area often overlooked by international investors. With this move, the country could see an enhancement in agricultural productivity and modern farming techniques.
Further strengthening Pakistan’s energy sector, Switzerland’s Total, a global leader in the energy industry, has acquired 50% of Parco’s shares. This deal is expected to boost Pakistan’s energy production capacity and improve the country’s standing in the global energy market.
Meanwhile, the growing economic ties between Pakistan and the Gulf countries were further cemented when a Saudi Arabian private company purchased 77% of Shell’s shares in the country. This deal reflects the continued confidence of Gulf investors in Pakistan’s economic potential and will likely lead to more strategic partnerships in the future.
The government's efforts to stimulate economic growth and attract foreign investment through the facilitation of SIFC have been hailed as a positive step forward. Industry experts are optimistic that these initiatives will not only enhance Pakistan’s reputation globally but also contribute to long-term economic stability and growth.