SIFC to Fix Business Environment of Gilgit Baltistan

The Special Investment Facilitation Council (SIFC) has met with business representatives from Hunza in order to address the regulatory and operational obstacles that hinder business operations and to explore ways to enhance the investment landscape in Gilgit-Baltistan. Secretary of SIFC engaged in a discussion with representatives from the Hunza Chamber of Commerce & Industry, alongside local hotel owners, traders, and food associations to identify the challenges faced by the local business community.

During the meeting, business representatives highlighted the regulatory and operational difficulties that are impeding commercial activities in Hunza. They advocated for streamlined regulatory processes, improved coordination among government bodies, and greater institutional involvement to ensure that business-related concerns are addressed efficiently.

Secretary SIFC underscored the importance of creating a predictable and business-friendly environment that would stimulate private-sector participation, attract investments, and foster sustainable economic development in Gilgit-Baltistan.

The meeting also delved into feasible solutions to eliminate regulatory hurdles and lessen the compliance burden on businesses operating in the region. SIFC affirmed its commitment to ongoing engagement with businesses to tackle their legitimate concerns and unlock the region's economic and investment potential.