ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar directed all stakeholders to vigorously pursue Special Investment Facilitation Council’s initiatives through collaborative approach to reap dividend in short to medium terms besides, initiating processes for long term endeavors in greater interest of country.

Caretaker Prime Minister said while chairing 7th meeting of Apex Committee of SIFC that was attended by Chief of Army Staff, members of Cabinet, provincial chief ministers and high level government officials. Meeting was held to review various initiatives being led through SIFC forum, PM Office press release said.

In meeting, ministries presented progress on projects identified in key sectors and gave plans to further improve ecosystem for realising envisaged investments in timely manner. Committee showed extreme satisfaction on overall progress under umbrella of SIFC, appreciated enhancing level of engagements with friendly countries, both public and private entities and outreach strategy to proactively engage investor’s community, which was translating in enhanced traction and approvals at domestic and global stage.

Apex Committee reviewed progress on various measures undertaken to improve investment climate and approved policy level interventions to further improve investors’ confidence including repatriation of profits, strengthening domestic dispute resolution mechanism, infrastructural and human resource development and speedy operationalization of EXIM Bank.

Committee also directed to make comprehensive strategy to address oil and gas issues in sustainable manner by investing in relevant industries. Apex body reviewed and appreciated progress on privatisation of State-Owned-Enterprises and directed to keep process at fast pace. Chief of Army Staff reassured undaunted resolve of Pakistan Army to backstop government initiatives in various domains for sustainable recovery of economy.

Published in The Daily National Courier, November, 17 2023

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