The apex committee of the Special Investment Facilitation Council (SIFC) reviewed on Wednesday the major macroeconomic issues affecting the investment climate, including inordinate delays in restructuring and privatisation of cash-bleeding state-owned enterprises (SOEs).
The 6th meeting of the SIFC apex committee, chaired by Caretaker Prime Minister Anwaarul Haq Kakar, developed consensus on fast-tracking the privatisation process in order to reduce recurring losses to the national exchequer, in the larger interest of the country.
The meeting, attended by Chief of Army Staff Gen Asim Munir, members of the cabinet, provincial chief ministers and the high-level government officials, reviewed various initiatives being spearheaded through the SIFC forum.
According to a press release issued by the Prime Minister’s Office Media Wing, the ministries apprised the forum of the practical steps undertaken during the last one month to improve business and investment environment in the country.
The committee expressed satisfaction regarding the ongoing negotiations with foreign and domestic investors for timely realisation of various investment prospects.
On the occasion, the prime minister directed the ministries and departments to continue with the “whole of the government” approach to overcome economic challenges, facing Pakistan.
The army chief assured the meeting of the army’s unflinching resolve to support the government’s endeavours for a sustainable path towards economic recovery.
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