The Caretaker Prime Minister of Pakistan, Anwar ul Haq Kakar, chaired the seventh meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) in Islamabad. During the meeting, the Caretaker PM Kakar, reviewed the steps for the promotion of investment in country under SIFC.
The details about the above mentioned has been shared by the Caretaker PM Kakar over his official social media handle. Army Chief, caretaker cabinet members, caretaker provincial chief ministers and relevant senior government officials participated in the meeting.
It is to be noted that, the meeting was briefed by various ministries on measures to facilitate the promotion of investment in the country and timely achievement of the set goals.
During the meeting, the committee has made explanation about the progress on the various steps taken to promote investment under SIFC as highly satisfactory.
The committee appreciated the steps taken by the government and private institutions to speed up relations with friendly countries for foreign investment in the country under SIFC.
Along with this, the committee has also appreciated the effective development of links with the investor community regarding the various initiatives, thanks to which progress has been accelerated in the projects at the domestic and foreign levels.
The committee also reviewed the investment promotion measures in the country as well as the policy measures to increase the confidence of the investors.
At the same time, these policy measures include the transfer of profits of foreign investors, business dispute resolution process in the country, development of communication infrastructure and manpower according to international standards, activation of EXIM Bank on priority basis.
The committee directed to make and present a comprehensive action plan for a sustainable solution to this problem by investing in the oil and gas sector in the country.
Moreover, the committee also reviewed the process of privatization of loss-making state-owned enterprises (SOEs) and extended satisfaction over its performance. The committee has made directions to speed up the process of privatization.
PM Kakar, during the meeting has also directed all the concerned institutions and officials to implement the initiatives under SIFC with full cooperation and hard work so that Pakistan can not only benefit from the short- and medium-term fruits but also pave the way for long term initiatives in the wider interest of the country.