ISLAMABAD: Apex committee of Special Investment Facilitation Council (SIFC) reviewed major macro-economic issues affecting investment climate including inordinate delays in restructuring/privatisation of cash-bleeding state-owned enterprises (SOEs).

Committee also resolved with consensus on fast-tracking privatisation process and hence, in larger interest of country, reduce recurring losses to national exchequer.

SIFC convened 6th meeting of its apex committee to review various initiatives being spearheaded through SIFC forum.

Meeting was chaired by caretaker Prime Minister Anwaar-ul-Haq Kakar and was attended by Chief of Army Staff General Syed Asim Munir, members of Cabinet, provincial chief ministers and high level government officials, PM Office Media Wing said in press release.

Ministries apprised forum about practical steps undertaken during last one month to improve business and investment environment in country.

Committee expressed overall satisfaction regarding ongoing negotiations with foreign and domestic investors for timely realisation of various investment prospects.

PM Kakar appreciated good work put forth by various ministries and departments and directed to continue with ‘Whole of Government’ approach to overcome economic challenges being faced by Pakistan.

Published in The Daily National Courier, October, 05 2023

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