8th Meeting of Apex Committee of Special Investment Facilitation Council held in Islamabad.

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Islamabad, Special Investment Facilitation Council convened 8th meeting of its Apex Committee on 3 January 2024 to review various projects and initiatives being pursued through the platform of SIFC.

The meeting was chaired by the Caretaker Prime Minister Anwaar-ul-Haq Kakar and attended by Chief of Army Staff, Federal Cabinet, Provincial Chief Ministers and high level government officials.

The Federal Ministries presented progress on the projects being steered in key sectors and gave plans for timely realisation of the envisaged investments.

The Committee showed satisfaction on overall progress achieved in the key sectors under SIFC.

The Committee appreciated the enhancing level of economic engagements with friendly countries including finalization of Bilateral Investment Treaty with Kingdom of Saudi Arabia and Qatar as well as signing of MoUs and Framework Agreements with United Arab Emirates and State of Kuwait respectively. Forum gave directions to convert these sovereign commitments into economic reality at fast pace.

The Committee reviewed progress on privatisation and appreciated the collaborative approach of various stakeholders in timely completion of various critical benchmarks and gave directions to maintain the momentum.

The Committee reviewed progress on various measures being undertaken to improve investment climate and approved various policy level interventions to further facilitate the investors including strengthening of domestic dispute resolution mechanism.

The Committee also developed consensus on fast tracking the infrastructural development to facilitate the investors, especially in remote areas of the country.

The Committee appreciated the ongoing inclusive approach towards hurman resource development to support emerging needs in key sectors of economy.

The Committee showed firm resolve to take action against smugglers, hoarders and market manipulators, which have impacted the economic trajectory and to provide immediate relief to common citizens.

Chief of Army Staff assured unwavering resolve of Pakistan Army to support government’s initiatives aimed at economic recovery of the country.

At the end, Prime Minister directed all the stakeholders to vigorously pursue various SIFC’s initiatives to ensure their accomplishment within stipulated timeframe.