PR No. 249 10th Meeting of Apex Committee of SIFC Islamabad: May 25, 2024

The Special Investment Facilitation Council convened the 10th meeting of its Apex Committee on 25 May be2024, to review various initiatives and projects under its ambit. The meeting was chaired by the Prime Minister and attended by Chief of the Army Staff, Federal Cabinet, Provincial Chief Ministers and high level government officials. The Ministries gave comprehensive progress on various projects and policy initiatives being steered through the platform of SIFC, and proffered plans for accomplishment of set milestones in the future. The Committee exhibited profound satisfaction on the overall progress achieved so far and appreciated the role of Federal Ministries, Provincial Governments and associated departments in realising the envisioned dividends. The Committee appreciated the facilitation provided from the platform of SIFC for improving macro-economic conditions of the country. The Committee also reviewed the progress on ongoing economic collaboration with friendly countries, appreciated the recent upsurge in trade and investment related engagements under Government-to-Government and Business-to-Business frameworks, and gave directions for an efficient follow-up mechanism to transform these commitments into tangible projects and economic dividends, at a fast pace. The Committee reviewed the progress on privatization of State-Owned-Enterprises (SOEs), expressed satisfaction on ongoing process and urged timely accomplishment of various privatization milestones in collaboration with relevant stakeholders. The Committee reiterated the commitment to improve the investment ecosystem, and gave directions to make it more investment-friendly through sustainable policy initiatives. The Chief of the Army Staff reassured the firm resolve of Pakistan Army to backstop Government's initiatives for economic prosperity of the country and socio-economic well-being of its people. In the end, the Prime Minister appreciated the role of SIFC and affiliated stakeholders for steering the investment and privatization drive, in a befitting manner. The Prime Minister gave directions to fast-track various initiatives through 'Whole of the Government' approach, and play a constructive role towards the economic stability of the country. *-*-*-* ?

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