The Special Investment Facilitation Council’s (SIFC) third apex committee meeting on Monday approved a number of projects put forth by various ministries to draw investments from friendly nations under the council’s auspices in crucial industries like agriculture, livestock, mining, minerals, information technology, and energy.
Chief of Army Staff (COAS) Gen. Syed Asim Munir, chief ministers, federal and provincial ministers, and other high officials were present at the meeting, which was presided over by Prime Minister Shehbaz Sharif.
According to the Prime Minister’s Office, the PM praised how quickly SIFC was operationalized and how well it operated by working together.
The gathering praised the ongoing outreach plan, which includes seminars and project inaugurations and will be supplemented by SIFC’s soon-to-be-launched website, for its worldwide impact.
The top committee pledged its complete support for the impending high-level delegation visit from the Kingdom of Saudi Arabia to Pakistan via the SIFC platform. The PM gave the order to make this official visit a significant occasion.
The committee expressed its determination to continue supporting the SIFC project and asked the interim administration to keep up the momentum for making a valuable contribution. Earlier, PM Shehbaz gave Chinese investors assurances that he would continue to simplify the rules for businesses doing business in Pakistan, particularly those working under the auspices of the China Pakistan Economic Corridor (CPEC), and that he would follow those rules exactly.
With the words “We are going to do this under one umbrella as a one window operation, and this I mean in letter and spirit… not just words but true implementation,” he gave the Chinese investors the reassurance that their difficult period had finally ended.
The Chinese government and businesses, according to PM Shehbaz, have contributed to Pakistan’s industrial advancement across many sectors. Their contributions have not only increased industrial production and created job opportunities, but have also further strengthened the bilateral economic relationship.