Pakistan is likely to get $70 bln foreign investment

Pakistan is expecting to get $70 billion in foreign investment as a result of the establishment of the Special Investment Facilitation Council (SIFC).

General Asim Munir, Pakistan's Chief of Army Staff (COAS), met with business leaders and established the Special Investment Facilitation Council (SIFC), following which Pakistan is expected to receive $70 billion in international investment.

While expressing confidence and positivism, the business sector indicated that following the army chief's meeting and the launch of the SIFC, $70 billion in foreign investment is expected to put the economy back on track.

According to the business community, the relevant authorities should take prompt steps to cut the price of power and gasoline - in line with the value of the dollar - in order to rescue the general public from the financial crisis.

According to the business community, large-scale foreign investment through the Special Investment Facilitation Council (SIFC) will not only generate job possibilities for millions of individuals, but will also raise foreign exchange reserves.