SIFC committee approves policy-level interventions to facilitate investors
Pakistan
COAS Munir promises unwavering support for government initiatives for economic recovery
ISLAMABAD (Dunya News) – The Apex Committee of the Special Investment Facilitation Council (SIFC) convened on Wednesday to assess the progress of various measures aimed at enhancing the investment climate and approved several policy-level interventions to further facilitate investors, including the reinforcement of the domestic dispute resolution mechanism.
A press release from the PM’s Office highlighted that the committee, chaired by caretaker Prime Minister Anwaarul Haq Kakar, conducted a comprehensive review of ongoing projects and initiatives within the SIFC framework.
The apex committee specifically evaluated the advancements in privatization, and acknowledged the collaborative efforts of diverse stakeholders for ensuring the timely completion of critical benchmarks and gave directions to sustain this momentum.
The meeting, attended by Chief of Army Staff (COAS) General Asim Munir, members of the caretaker federal cabinet, caretaker provincial chief ministers, and high-level officials, featured a commitment from COAS Munir to unwaveringly support the government’s initiatives for the economic recovery of the country.
Consensus was reached during the meeting to expedite infrastructural development, particularly in remote areas, to facilitate investors.
The committee commended the ongoing inclusive approach to human resource development, aligning with emerging needs in key economic sectors.
Federal ministries provided updates on projects in key sectors, outlining plans for the timely realisation of envisaged investments.
The prime minister directed all stakeholders to actively pursue various SIFC initiatives to ensure their completion within the stipulated timeframe.
The committee expressed satisfaction with the overall progress achieved in key sectors under the SIFC.
It also appreciated the heightened economic engagements with friendly countries, citing the finalisation of a bilateral investment treaty with the Kingdom of Saudi Arabia and Qatar, as well as the signing of MoUs and framework agreements with the United Arab Emirates and Kuwait, respectively.
The forum issued directives to expedite the conversion of sovereign commitments into economic realities.
The committee affirmed its commitment to taking action against smugglers, hoarders and market manipulators that have impacted the economic trajectory, with the goal of providing immediate relief to the common citizens.
