The federal government has decided to merge the Board of Investment (BoI) with the Special Investment Facilitation Council (SIFC) to make the foreign investment system in the country more effective.
According to official sources, the merger process is likely to be completed before the prime minister’s visit to China on May 23 so that investment cooperation in the second phase of CPEC can be accelerated.
Sources say that the decision has been taken to further empower the SIFC and bring the investment process on a single platform.
Under the new administrative structure, the SIFC will play a central role in promoting foreign investment, while the supervision of special economic zones and regulatory reforms will also be entrusted to the same institution.
According to economic experts, this move can speed up investment decisions and reduce bureaucratic hurdles; however, its practical results will depend on effective implementation.