ISLAMABAD: The federal government on Tuesday unveiled a comprehensive economic recovery plan during a high-level meeting of the civil and military leadership in the wake of the economic woes facing the country.
The first meeting of Special Investment Facilitation Council (SIFC) was held under the chairmanship of Prime Minister Shehbaz Sharif in which Army Chief General Syed Asim Munir, Chief Ministers, Federal and Provincial Ministers and senior government officials participated.
The plan envisages leveraging Pakistan’s untapped potential through local development in the key sectors of defense production, agriculture, livestock, minerals, mining, IT and energy, as well as investment from friendly countries.
A statement issued by the Prime Minister’s media said that in order to expedite the development of projects, to act as a single window interface for potential investors and to adopt a unified approach. Special Investment Facilitation Council (SIFC) has been established for Wing said.
This setup will shorten cumbersome and lengthy business processes through a collaborative and collaborative ‘whole of government approach’ with representation from all stakeholders. It aims to create horizontal and vertical coordination between the Federation and the provinces, facilitate timely decision-making, avoid duplication of efforts and ensure speedy implementation of projects. The high level of participation by the federal and provincial governments clearly demonstrates the national commitment to turn around the economy against all odds.
Speaking on this occasion, General Asim Munir assured the Pakistan Army of all possible cooperation to complete the government’s efforts for the economic recovery project, which is considered fundamental for the socio-economic prosperity of Pakistanis, and Pakistan’s support in the United Nations. Reclaimed legitimate stature. Addressing the event, Prime Minister Shahbaz Sharif said that his government inherited an economy that was on the verge of collapse and through bold and difficult decisions, the country is now being steered towards progress and development.
“However, major challenges lie ahead. Export-oriented FDIs hold the key to economic recovery and therefore the government has decided to adopt a comprehensive and whole-of-government approach that will involve federal and provincial governments for effective implementation and implementation. Promotes partnerships within,” said the Prime Minister.
Investors will be given priority and speedy approval through a well-coordinated approach, he said.
The Prime Minister observed that the expected investment would create employment opportunities and livelihood for the youth and women and focus should be on empowering the youth and women to realize their full potential. “Let us resolve to work together, leave no stone unturned and be united in our focus and direction. We can change the destiny of Pakistan and its people.”
However, Shahbaz Sharif said that this will not happen without hard work and progress. He said that Pakistan and Pakistanis do not deserve less than those who have been entrusted by Allah Almighty and the people of Pakistan with the responsibility of managing the country.
