Army Chief reaffirms support to govt for durable economic recovery

PM stresses realisation of SIFC’s envisioned long-term economic dividends,

Pakistan, Kuwait to ink seven MoUs for $10b investment during PM’s upcoming visit

Islamabad-Chief of Army Staff (COAS) Gen Asim Munir on Friday reiterated Pakistan Army’s full support to the government in durable economic recovery of the country.

The army chief expressed these views during a meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) chaired by caretaker Prime Minister Anwaarul Haq Kakar. The meeting reviewed the steps taken by the council for promoting investment in the country.

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday appreciating the efforts  the efforts of relevant ministries for identifying prospective areas of collaboration under the Special Investment Facilitation Council (SIFC) directed all stakeholders for the efforts to realise the envisioned long-term economic dividends. He was chairing a special session of Apex Committee of SIFC held here to foster strategic partnerships with friendly countries,

The meeting was attended by Chief of Army Staff General Syed Asim Munir, ministers and high-level government officials, a PM Office press release said. The apex committee reviewed the existing level of collaboration and unanimously approved various initiatives to be broached with friendly countries and directed to fast-track implementation of various projects conceived under these initiatives.

Earlier,

Pakistan and Kuwait will sign seven Memorandums of Understanding (MoUs) for investment worth $10 billion in Pakistan through seven projects in multiple fields including environment, mining and food security.

In this regard, the federal cabinet, in its meeting held here on Friday approved seven MoUs to be signed during the upcoming visit of Caretaker Prime Minister Anwaar-ul-Haq Kakar to Kuwait.

Consequent to the efforts by the Special Investment Facilitation Council (SIFC), both countries would sign MoUs on multiple projects including the expansion of water reservoirs, mining facilities, conservation of mangrove forests on coastal areas, information technology and food security, a PM Office press release said.

Prime Minister Kakar and the cabinet members appreciated the efforts of the SIFC and the relevant ministries.

The prime minister, who chaired the meeting, instructed to ensure cooperation with the provinces for early and fair execution of the projects.

The body also endorsed the decisions of the Cabinet Committee for Disposal of Legislative Cases it had taken in its meeting on November 14, as well as those of the Economic Coordination Committee meeting on November 15, 2023.