Panel reviews progress on SIFC projects

ISLAMABAD:

The Special Investment Facilitation Council (SIFC) convened the 12th meeting of its Executive Committee to review progress on various aspects and projects under key sectors of SIFC.

The Committee also gave directions to expedite various pending cross-sectoral matters through policy level initiatives and stakeholders' consultation, utilising the forum of SIFC.

The ministries presented progress on various projects and policy level initiatives, being steered through the forum of SIFC, and gave comprehensive plans for fast tracking various matters.

The Committee discussed and developed consensus on major policy aspects concerning key sectors including Industry, Agriculture and Livestock, Mines and Minerals, Oil and Gas, Ports and Maritime, Aviation and Connectivity and Infrastructure.

The Committee reviewed the progress and gave directions for swift implementation of renewed approach towards Special Economic Zones (SEZs) Framework, which has been recently approved by 11th Apex Committee Meeting, chaired by the prime minister.

The Committee highlighted that close coordination and cooperation amongst concerned stakeholders is imperative to foster industrialisation in the country and efforts to rejuvenate SEZs paradigm will act as catalyst in this endeavour.

The Committee appreciated the ongoing efforts for granting Industry status to Warehousing and Logistics sector and gave directions to expedite the approval processes.