The apex committee of the Special Investment Facilitation Council (SIFC) has expressed satisfaction over the measures taken to promote investment and directed to speed up the process of privatization of loss-making public sector enterprises.
The seventh meeting of the Apex Committee of SIFC was held in Islamabad under the chairmanship of Caretaker Prime Minister Anwar Haq Kakar, where Chief of Army Staff General Asim Munir, Caretaker Cabinet members, Caretaker Provincial Chief Ministers and senior government officials participated.
In the statement issued after the meeting of the committee, it was said that the measures taken to promote investment in the country under SIFC were reviewed in the meeting.
In the statement, it was said that in the meeting, various ministries were briefed on the measures taken to facilitate the promotion of investment in the country and the timely achievement of the set goals.
The Apex Committee declared the progress on the various measures taken to promote investment under the SIFC as very satisfactory and speeding up relations with friendly countries for foreign investment in the country, cooperation measures with public and private institutions. Appreciated.
The Apex Committee of SIFC also appreciated the effective engagement with the investment community on various initiatives, which has accelerated the progress of projects at the domestic and international level.
The statement said that the committee reviewed measures to promote investment in the country as well as policy measures to increase investor confidence.
The meeting was informed that these policy measures include transfer of profits of foreign investors, resolution of business disputes in the country, development of communication infrastructure and manpower according to international standards, activation of Exim Bank on priority basis. .
The committee directed to formulate and present a comprehensive plan for a sustainable solution to this problem through investment in the oil and gas sector in the country.
The statement said that the committee reviewed the process of privatization of loss-making government institutions and expressed satisfaction with the performance and directed to speed up the process of privatization.
On this occasion, Caretaker Prime Minister Anwarul Haq Kakar directed all the concerned institutions and officials to cooperate and diligently implement the initiatives under SIFC so that Pakistan can not only benefit from the short and medium-term fruits, but also for the wider country. In this interest, the way for long-term measures should also be paved.
The statement said that Army Chief General Asim Munir assured Pakistan Army’s full cooperation with the government in the sustainable economic recovery of Pakistan.
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2024-09-11 08:46:22
Table of Contents
Pakistan’s Special Investment Facilitation Council (SIFC) Boosts Investment Promotions and Privatization Efforts
In a significant move to promote investment and accelerate economic growth, the apex committee of Pakistan’s Special Investment Facilitation Council (SIFC) has expressed satisfaction over the measures taken to promote investment and directed to speed up the process of privatization of loss-making public sector enterprises. The SIFC, established by the Government of Pakistan in 2023, is a single window platform designed to facilitate investments in priority sectors [[1]].
The seventh meeting of the Apex Committee of SIFC, held in Islamabad under the chairmanship of Caretaker Prime Minister Anwar Haq Kakar, brought together key stakeholders, including the Chief of Army Staff General Asim Munir, Caretaker Cabinet members, Caretaker Provincial Chief Ministers, and senior government officials. During the meeting, the committee reviewed measures taken to promote investment in the country under SIFC and expressed satisfaction with the progress made.
The SIFC operates as an inclusive organization, representing federal and provincial stakeholders across all tiers, with facilitation support from the military [[2]]. This collaborative approach has facilitated effective engagement with the investment community on various initiatives, accelerating project progress at the domestic and international levels.
The committee appreciated the efforts made to promote investment in the country, including policy measures to increase investor confidence. These measures include the transfer of profits of foreign investors, resolution of business disputes in the country, development of communication infrastructure and manpower according to international standards, and the activation of Exim Bank on a priority basis.
Moreover, the committee directed the formulation and presentation of a comprehensive plan for a sustainable solution to the country’s energy crisis through investment in the oil and gas sector. This move is expected to attract significant foreign investment and drive economic growth.
In a significant development, the committee also reviewed the process of privatization of loss-making government institutions and expressed satisfaction with the performance. The committee directed to speed up the process of privatization, which is expected to inject fresh investment into the economy and improve the overall business environment.
The SIFC, in its role as a single window platform, is committed to providing an enabling environment for investors, facilitating the ease of doing business, and promoting investments in priority sectors [[3]]. With its inclusive approach and facilitation support from the military, the SIFC is poised to play a critical role in driving Pakistan’s economic growth and development.
the Apex Committee’s directive to speed up the process of privatization and promote investment in the country is a significant step towards driving economic growth and development. The SIFC’s efforts to facilitate investment and promote privatization will have a far-reaching impact on the country’s economy, creating new opportunities for businesses and investors alike.
SIFC Pakistan members
Pakistan’s Special Investment Facilitation Council (SIFC) Boosts Investment Promotions and Privatization Efforts
In a significant move to promote investment and accelerate economic growth, the apex committee of Pakistan’s Special Investment Facilitation Council (SIFC) has expressed satisfaction over the measures taken to promote investment and directed to speed up the process of privatization of loss-making public sector enterprises. The SIFC, established by the Government of Pakistan in 2023, is a single window platform designed to facilitate investments in priority sectors [[1]].
The seventh meeting of the Apex Committee of SIFC, held in Islamabad under the chairmanship of Caretaker Prime Minister Anwar Haq Kakar, brought together key stakeholders, including the Chief of Army Staff General Asim Munir, Caretaker Cabinet members, Caretaker Provincial Chief Ministers, and senior government officials. During the meeting, the committee reviewed measures taken to promote investment in the country under SIFC and expressed satisfaction with the progress made.
The SIFC operates as an inclusive organization, representing federal and provincial stakeholders across all tiers, with facilitation support from the military [[2]]. This collaborative approach has facilitated effective engagement with the investment community on various initiatives, accelerating project progress at the domestic and international levels.
The committee appreciated the efforts made to promote investment in the country, including policy measures to increase investor confidence. These measures include the transfer of profits of foreign investors, resolution of business disputes in the country, development of communication infrastructure and manpower according to international standards, and the activation of Exim Bank on a priority basis.
Moreover, the committee directed the formulation and presentation of a comprehensive plan for a sustainable solution to the country’s energy crisis through investment in the oil and gas sector. This move is expected to attract significant foreign investment and drive economic growth.
In a significant development, the committee also reviewed the process of privatization of loss-making government institutions and expressed satisfaction with the performance. The committee directed to speed up the process of privatization, which is expected to inject fresh investment into the economy and improve the overall business environment.
On this occasion, Caretaker Prime Minister Anwarul Haq Kakar directed all the concerned institutions and officials to cooperate and diligently implement the initiatives under SIFC so that Pakistan can not only benefit from the short and medium-term fruits, but also for the wider country. In this interest, the way for long-term measures should also be paved. The statement said that Army Chief General Asim Munir assured Pakistan Army’s full cooperation with the government in the sustainable economic recovery of Pakistan.
Key Takeaways
The SIFC has expressed satisfaction with the measures taken to promote investment in the country.
The committee has directed to speed up the process of privatization of loss-making public sector enterprises.
The committee has appreciated the efforts made to promote investment in the country, including policy measures to increase investor confidence.
The SIFC has directed to formulate and present a comprehensive plan for a sustainable solution to the country’s energy crisis through investment in
