SIFC to ensure ‘ease of doing business’ for investors: COAS

There are vast mining opportunities in our country which will be realised through joint efforts, says Gen Asim

ISLAMABAD:

Chief of Army Staff (COAS), General Syed Asim Munir on Tuesday said the Pakistan government, along with state institutions, had ensured the establishment of Special Investment Facilitation Council (SIFC), in order to bring all stakeholders to a single platform.

Addressing the Pakistan Mineral Summit in Islamabad, he said the SIFC had laid down new rules for ‘ease of doing business’ for domestic and foreign investors in the country.

“We will ensure an investor-friendly system that avoids unnecessary delays and provides easy terms and conditions for business. There are vast mining opportunities in our country which will be realised through joint efforts,” he added.

General Syed Asim Munir, Chief of Army Staff (COAS), important speech at “Pakistan Minerals Summit”#COAS invites foreign investors to play their role in exploring the hidden reserves of #Pakistan & to fully utilise this potential….#PakistanArmy #ISPR

…..as the country is… pic.twitter.com/itLeYNKLMK

— Pakistan Armed Forces News 🇵🇰 (@PakistanFauj) August 1, 2023

The army chief thanked the foreign delegates and investors for participating in the moot, which was the first such event in the country. He also thanked Barrick Gold Corporation CEO and President Mark Bristow and Saudi Mining Minister Engineer Khalid bin Saleh Al Madifar and other investors.

He stressed persistence for staying on the path of peace and prosperity and said the mineral-related projects were the stepping stone, which would eventually lead towards the development of the masses.

Also read: PM underlines need to explore precious natural resources

Referring to natural resources of the country, he said: “Just look at your country, from the snow-capped mountains to the vastness of the deserts, from the coastline to the plains. What else is not there in this land?”

“In Surah Rahman, Allah the Exalted has said: And which of the favours of your Lord will you deny?”

The army chief noted: “If the nation has profound commitment, then the sky is the limit and its vastness awaits us.”

He specifically referred to the Holy Quran: “Allah helps those who help themselves”.

He also read Allama Iqbal’s poem that underlined the need for an individual to remain steadfast in hard times and strengthen its faith in Allah Almighty to achieve his or her destination.

“It is our social responsibility to play our collective role in the country’s economy. We must never lose hope. Our land is endowed with many minerals and to fully utilise this potential, we invite foreign investors to play their role in discovering the hidden treasures of Pakistan,” he said.

The army chief emphasised on optimism and full faith in Allah Almighty. He recited verses 155 and 156 of Surah Al-Baqarah of the Holy Quran: “And We will certainly test you with fear and hunger and lives and wealth and fruits. When any trouble befalls them, they say; Indeed, we are from Allah and to Him we must return.”