The Sialkot Business Facilitation Center initiative is moving forward

SIALKOT: Mohsin Naqvi, the interim chief minister of Punjab, chaired a meeting that was centered on the Business Facilitation Center (BFC) project.

The Chief Minister gave the attendees an update on the BFC’s successful launch in Lahore. During the session, and he also revealed plans to duplicate this success in other important business districts in Punjab.

An important announcement made about the Sialkot BFC’s establishment as a top priority.

The Secretary of Industries was given explicit instructions to go to the Sialkot Chamber. In order to settle any outstanding issues related to this project.

Noteworthy attendees included Abdul Ghafoor Malik, President of the Sialkot Chamber of Commerce. And Industry, as well as representatives from various chambers. Such as LCCI, RCCI, GCCI, MCCI, and FCCI.

The Business Facilitation Centre, a government of Punjab initiative, stands as a one-window service hub.

It is designed to streamline processes for businesses and new investors by providing all necessary NOCs and approvals under a single roof.

Also Read: IMF board to likely approve Pakistan’s next tranche on Jan 11

ISLAMABAD It was learned on Friday that the next $700 million tranche for Pakistan is expected to be approved by the IMF Executive Board. During its meeting on January 11, 2024.

In January of the following year. The Fund’s Executive Board is expected to approve Pakistan’s next installment under the $3 billion Stand-By Arrangement (SBA) program.

On the completion of the first economic review, a staff-level agreement reached between Pakistan and the IMF on November 15. Pakistan has already received $1.2 billion from the loan programme.

The second economic review talks for the last tranche of the programme i.e. $1.1 billion are expected in February 2024. – INP