Thursday, November 30, 2023

Govt Established Special Investment Facilitation Council Backed by Pakistan Army to Boost Investments

The Pakistani government has introduced a plan called the “Economic Revival Plan” to boost important sectors, speed up development projects, and attract investments. The plan was announced in a meeting led by Prime Minister Shehbaz Sharif, with the participation of top officials, including the Chief of Army Staff, chief ministers, ministers, and government officials.

The Economic Revival Plan aims to take advantage of sectors like defense production, agriculture, livestock, minerals, mining, information technology, and energy by focusing on development within the country and attracting investments from friendly nations. To make project development faster, a Special Investment Facilitation Council (SIFC) will be created as a streamlined platform for potential investors, ensuring efficient decision-making.

The plan highlights the importance of cooperation between the federal and provincial governments to avoid duplication and ensure that projects are implemented quickly. The involvement of high-ranking officials demonstrates the country’s commitment to reviving the economy despite challenges. The Chief of Army Staff, Asim Munir, has pledged full support from the Pakistan Army in implementing the Economic Revival Plan, recognizing its significance for Pakistan’s progress in social and economic aspects.

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