ISLAMABAD: On the sidelines of the 54th annual meeting of the World Economic Forum (WEF) being held in Switzerland, caretaker Prime Minister Anwaarul Haq Kakar will invite international community to invest in Pakistan under the Special Investment Facilitation Council (SIFC) initiative.

The prime minister arrived in Switzerland on Sunday to participate in the Davos event, which will continue till January 19.

He was welcomed in Zurich by Pakistan’s permanent representative to Geneva, Bilal Ahmed, and Swiss Ambassador Amir Shaukat as well as other senior diplomatic officials.

According to a Foreign Office spokesperson, the prime minister will deliver a keynote address on the theme “Trade tech’s trillion dollar promise”.

PM Kakar will also attend three key thematic events — “Preventing an era of global conflicts”, “Restoring faith in the global system”, and “Preventing economic fractures”.

The FO spokesperson said PM Kakar would also hold meetings with government and business leaders on the sidelines of the event as well as lead an “Invest in Pakistan” event.

Pakistan used last year’s WEF summit to spotlight the immense damages inflicted by the disastrous 2022 floods and seek international economic assistance from world powers.

A source in the PM Office told Dawn that PM Kakar would invite world states to take benefit of investment in Pakistan, particularly when a conducive environment and facilities are being provided to the investors under the SIFC.

According to the WEF, the annual meeting of the forum, with the participation of over 300 public figures including more than 60 heads of state and government, will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency, and accountability among leaders.

It said the goal was to help connect the dots in an increasingly complex environment and provide foresight by introducing the latest advances in science, industry and society.

The theme of this year’s meeting is “Rebuilding Trust”.

The WEF describes itself as an international organisation for public-private cooperation. It engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas.

The forum was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.

Published in Dawn, January 16th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Time for dialogue
Updated 24 Jun, 2024

Time for dialogue

If the PML-N and PTI remain mired in mutual acrimony, an ever-widening gap will continue to allow non-political forces to assert themselves.
Property taxes
24 Jun, 2024

Property taxes

ACCORDING to reports in the local media, along with the higher taxes imposed on real estate in the recent budget, ...
Fierce heat
24 Jun, 2024

Fierce heat

CLIMATE change is unfolding as predicted by experts: savage heat, melting glaciers, extreme rainfall, drought, ...
China’s concerns
23 Jun, 2024

China’s concerns

Pakistan has no option but to neutralise militant threat to Chinese projects, as well as address its business and political stability concerns.
War drums
23 Jun, 2024

War drums

If it is foolish enough to launch another war in Lebanon, Tel Aviv will be solely responsible for setting the Middle East on fire.
Balochistan budget
23 Jun, 2024

Balochistan budget

BALOCHISTAN’S Rs955.6bn budget for the fiscal year 2024-25 makes many pledges to the poor citizens of Pakistan’s...