In a significant development, the Special Investment Facilitation Council (SIFC) has emerged as a pivotal force propelling the Telecommunication Sector in Pakistan towards unparalleled progress and innovation.
During a press conference, Dr. Umar Saif highlighted the collaborative efforts within the SIFC forum, including military and political leadership, attributing it to the remarkable strides witnessed in decision-making processes. He emphasized the forum’s role in paving the way for digital transformation and fostering foreign direct investment, bringing substantial benefits to the common man and overall stability to the national economy.
Dr. Saif stated,
“Incoming governments will now have the ability to make timely decisions crucial for the country’s development and public interest, thanks to the presence of the Special Investment Facilitation Council.”
A notable success story from SIFC’s intervention is the resolution of a longstanding case concerning hundreds of megahertz spectrum, entangled in a legal quagmire since 2014. The matter brought before the SIFC forum prompted the Sindh High Court to expedite proceedings and deliver a verdict on December 14. The spectrum, valued at one billion, marks a significant victory for the caretaker government, opening avenues for enhanced connectivity and communication services.
Dr. Saif also lauded SIFC’s pivotal role in formulating and securing approval for the country’s first space policy. This policy sets the stage for groundbreaking advancements, including the imminent availability of satellite internet to the public and a substantial improvement in the existing network infrastructure.
Among the notable achievements attributed to SIFC is the implementation of the Right of Way Policy for Spectrum Auction and Laying of Optical Fiber Cable, facilitating a seamless integration of modern technologies into the country’s telecommunication framework.
