PM seeks ‘optimal results’ from ministries
Meanwhile, as per the official statement issued after the SIFC apex committee meeting, Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed the ministries to “deliver optimal results irrespective of the time” they have so that a “strong foundation” is laid for the next government.
It was the fifth Special Investment Facilitation Council’s (SIFC) Apex Committee meeting. The meeting was attended by Chief of Army Staff (COAS) General Asim Munir, federal cabinet members, provincial chief ministers and high-level government officials.
ISLAMABAD – Caretaker Prime Minister Anwaarul Haq on Friday approved various practical steps imperative for economic revival of the country.
The approval was given as he chaired the 5th Apex Committee Meeting of Special Investment Facilitation Council.
The SIFC meeting was held today with a singular focus to improve the overall business and investment environment in the Country being imperative for ‘Economic Revival,’ said a statement issued by the Prime Minister’s Office.
Chief of Army Staff General Asim Munir, federal cabinet members, provincial chief ministers and high-level government officials attended the meeting.
The concerned ministries presented their plans/ roadmaps to overcome the macroeconomic challenges, governance related impediments and voids in regulatory mechanisms in a bid to attract both foreign and domestic investment, and stimulate economic growth,” read the statement.
The committee deliberated upon various measures to be taken in short, medium and long term to reap the envisaged dividends. The practical steps approved by the premier will be operationalized as soon as possible, it said.
PM Kakar asked the ministries to deliver optimal results irrespective of the time that is available with the interim government and emphasised to lay a strong foundation for the future government.
In July, during its last days, former PM Shehbaz constituted the SIFC to provide an impetus to the government’s efforts for economic revival. The committee is chaired by the prime minister and comprises the army chief and senior federal ministers.
The formation of the SIFC was announced after the Pakistan Democratic Movement-led government unveiled an elaborate “Economic Revival Plan” with a view to capitalise on Pakistan’s untapped potential in key sectors, fast-track the development projects and facilitate investment.
The plan was unveiled during a high-level meeting chaired by then-prime minister Shehbaz Sharif in Islamabad, which was also attended by General Munir, chief ministers, federal and provincial ministers, and other high-level government officials.
As per the notification, the SIFC is a three-tier composition having an apex, executive committee and implementation committees.
The apex body includes the prime minister, federal ministers (planning, finance, IT & Telecom, food security, power, water resources, industries and production, defence, defence production and investment), chief of the army staff, all chief ministers, national coordinator (Pakistan Army) and special assistant to the prime minister acts as secretary to the body.
However, the executive committee consists of the planning minister, national coordinator (Pakistan Army), federal ministers (defence, food security, IT & Telecom and Power), state ministers (petroleum and finance), provincial ministers (agriculture, mines and minerals, IT, energy, Board of Revenue, irrigation, finance, planning and development and investment), SAPM, chief secretaries, director general (Pakistan Army), secretary Board of Investment.
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