Pakistan
PAKISTAN SIFC PROMOTES MAJOR FOREIGN INVESTMENT PROJECTS
Pakistan is adopting a clear strategy to attract investment from Gulf countries through the new Special Investment Facilitation Council – a joint civil-military forum. The SIFC has approved in principle 28 projects to be offered to Gulf countries for direct investment. SIFC will act as a single window authority to facilitate cooperation with Gulf countries and other international investors. The council is empowered to make policy, approve investments, enter into trade agreements and directly or indirectly enter into contracts. The SIFC has been given full legal immunity, which means that no investive body, anti-corruption agency, law enforcement agency, or court can investigate any deal made under SIFC.The list of projects includes the construction of the Diamar-Bhasha Dam, a mining projects at Rekodak in Chagai district of Balochistan. According to the list of approved projects, the volume of investment under SIFC could exceed $28 billion, which would be more than the current investment under China-Pakistan Economic Corridor (CPEC). Initially, these schemes cover food, agriculture, information technology, minerals, petroleum and energy sectors. The list of projects includes : a) A dairy company with 20,000 Holstein Friesian cows, which can be expanded to five or more farms. b) A corporate feedlot farm of 30,000 animals, which is likely to be expanded further. c) A corporate farm of 10,000 camels, which can be expanded to five or more farms. d) Technology zones, investment in optical fiber network, cloud infrastructure, semiconductor designing, and manufacturing projects for smart devices. e) Chiniot Ironover Project f) Barite-Lead-Zinc Project g) Gold and copper prospecting in Chagai h) Lead and zinc mining in Khuzdar i) $10 billion Saudi Aramco oil refinery project l ) TAPI Gas Pipeline Project m) Diamar-Bhasha Dam and Thar Kol Block II n) Solar PV projects in Leh and Jhang o) Rajdhani Hydropower Project p) Two transmission lines from Ghazi Brotha to Faisalabad and Matiari to Rahim Yar Khan q) Reactive Power Compensation Devices and Battery Storage for Frequency Regulation. (ICE ISLAMABAD)
Fonte notizia: pakistan today