Pakistan to merge Board of Investment into SIFC to strengthen investment drive

ISLAMABAD: The federal government has decided to merge the Board of Investment into the Special Investment Facilitation Council (SIFC) to further strengthen the country’s investment promotion framework, according to government sources.

Sources said the move is aimed at empowering the SIFC and streamlining efforts to attract foreign investment.

The merger process is expected to be completed before Prime Minister Shehbaz Sharif visits China on May 23.

Officials said the decision is part of broader efforts to enhance investment cooperation under the second phase of the China-Pakistan Economic Corridor.

Under the new structure, the SIFC will play a central role in promoting foreign investment and will also be responsible for overseeing special economic zones and regulatory reforms.

Sources added that the council has been tasked with preparing a comprehensive roadmap to facilitate investment, with the goal of accelerating approvals and improving coordination among institutions.