COAS reiterates Army’s resolve to ‘backstop’ government initiatives to reform economy

PM Kakkar directs all stakeholders to “vigorously pursue” SIFC initiative through collaborative approach

  • Ministries present progress on identified projects in key areas.
  • Federal Cabinet members, Chief Minister, high level officials participate in the meeting.
  • The meeting reviewed progress on measures to improve the investment climate.

Chief of Army Staff General Asim Munir on Thursday reiterated the Army’s fearless resolve to “backstop” government initiatives in various sectors for sustainable revival of the economy.

The Army Chief assured the Army’s resolve to review various initiatives being taken through the platform during the 7th meeting of the Apex Committee of the Special Investment Facility Council (SIFC) chaired by Caretaker Prime Minister Anwar-ul-Haq Kakar.

According to a statement issued by the Prime Minister’s Office (PMO), the meeting was attended by members of the federal cabinet, provincial chief ministers and various high-level government officials.

During the meeting, the ministries presented the progress on identified projects in key sectors and plans to further improve the ecosystem to realize the envisaged investments in a time bound manner.

“The Committee expressed immense satisfaction at the overall progress under the umbrella of SIFC, appreciated the increasing level of engagement with friendly countries, both public and private entities, and the outreach strategy of actively involving the investor community, which has led to enhanced traction domestically. And that is translating into approval and global platforms,” the PMO said.

Furthermore, it reviewed the progress on various measures taken to improve the investment climate and boost investor confidence including repatriation of profits, strengthening domestic dispute resolution mechanisms, infrastructure and human resource development and accelerated operationalization of the Exim Bank. and approved policy-level interventions to improve. ,

The committee also directed officials to formulate a comprehensive strategy to address oil and gas issues in a sustainable manner by investing in related industries.

Furthermore, it reviewed and appreciated the progress of privatization of state-owned enterprises and directed to keep the process at a fast pace.

Meanwhile, PM Kakkar urged all stakeholders to “vigorously pursue SIFC initiatives through a collaborative approach to achieve dividends” in the short to medium term, besides initiating processes for long-term efforts in the larger interest of the country. Gave instructions.

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