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Print Print 2023-08-08

Investment task: SIFC apex body picks up the pace

  • PM Shehbaz Sharif chairs third meeting of the Apex Committee of Special Investment Facilitation Council to continue positive momentum to attract investment in various sectors of economy
Published August 8, 2023

ISLAMABAD: The third meeting of the Apex Committee of Special Investment Facilitation Council (SIFC) was held here on Monday to continue the positive momentum to attract investment in various sectors of economy.

The meeting was chaired by Prime Minister Shehbaz Sharif and attended by Chief of Army Staff, chief ministers, federal and provincial ministers, and high-level government officials.

The prime minister appreciated the expeditious operationalization of SIFC in a short span and its efficient functioning through a collaborative approach.

PM says areas prioritised for investment under SIFC

The Apex Committee appreciated the global impact of the ongoing outreach strategy through seminars and project inaugurations; which would be augmented by the SIFC’s website, being launched shortly.

It gave final approval of the projects, presented by the ministries, for attracting investments from friendly countries, under the umbrella of SIFC, in key sectors of agriculture, livestock, mining, minerals, information technology and energy.

The Apex Committee showed all-out support for successful conduct of the upcoming visit of a high-level delegation from the Kingdom of Saudi Arabia to Pakistan through the SIFC platform. The prime minister directed to make this inaugural visit a momentous event.

At the end, the committee expressed the resolve for continuous support to the SIFC initiative and urged the incoming interim government to maintain the impetus for a positive contribution.

Comments

Comments are closed.

zaya zaya Aug 08, 2023 08:41am
"strategy through seminars and project inaugurations;" Means it will be all Talk and more Talk but no actions as no one is going to invest in Pakistan. When its all said and done, more is said than done. No one is going to invest in an Economy controlled by the Partial Law. FDI is most suitable where there is a stable Political Economy, means all its element Systems are stable Political Policies, Economic Policies sectors open for Investment or barriers and sectors to protect, Legal Systems IPP, Rule of Law, ease of Business and its Protection of Contracts and Ventures ensuring Profits and its repatriation, Technological and Digital Systems and its implementation barriers. When an FDI investor does PESTEL its just not there as a viable place to invest, not right now when the current mob is yet again planning to go against the SBA from IMF that 3 Tranches of loans are conditional now, caretaker govt and elections, all within 9 months...till end March 2024.
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Sainjee Aug 08, 2023 09:10am
Indeed...with so little time left...pick up pace for corruption!
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Raheel Aug 08, 2023 09:36am
someone recently asked Federal reserves member in US abt people adopting to different other currencies for trade. officials' response was calm and to the point US has democracy, rule of law, freedom of speech and a clean robust system that no country in the world has where investor feel comfortable
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Tulukan Mairandi Aug 08, 2023 12:20pm
Hope we get lot of investment from London when London Nawaz returns.
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Johnny Walker Aug 08, 2023 01:47pm
A meeting attended by Boots. Laughable.
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