PM terms Special Investment Facili­tation Council ‘ray of hope’ for progress

Published August 18, 2023
Caretaker Prime Minister Anwaarul Haq Kakar gets briefed by officials from the Special Investment Facili­tation Council on steps being taken to bolster foreign investment in the country. — Photo courtesy PID
Caretaker Prime Minister Anwaarul Haq Kakar gets briefed by officials from the Special Investment Facili­tation Council on steps being taken to bolster foreign investment in the country. — Photo courtesy PID

ISLAMABAD: Terming the Special Investment Facili­tation Council (SIFC) a ray of hope for Pakistan’s economic development, caretaker Prime Minister Anwaarul Haq Kakar on Thursday said the government would ensure full use of the forum to carry forward the development agenda.

Addressing a meeting in connection with the working of SIFC, PM Kakar said the government would focus on the development of different sectors under the council’s umbrella.

He directed the authorities concerned to harmonise the regulatory structure with contemporary international requirements to improve the energy sector.

He said Pakistan had vast potential for foreign investment in the fields of agriculture, mining and minerals, information technology, energy and defence production.

SIFC Secretary Jah­anzeb Khan and Imple­mentation Secretary Jam­eel Ahmed Qureshi briefed the prime minister about the steps taken to bolster foreign direct investment.

The meeting was informed that under the forum, the government would provide one window facility to investors for different projects.

Meanwhile, PM Kakar said his government would make its utmost efforts to come up to the expectations of public representatives within the given short stint.

The prime minister said this during a meeting with Senate Chairman Sadiq Sanjrani.

The Senate chairman expressed the hope that the caretaker government would assist in holding fair elections as per public expectations.

Published in Dawn, August 18th, 2023

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Unchanged rating
Updated 29 Feb, 2024

Unchanged rating

Unchanged Moody's rating underscores that fears of default will continue unless a new, larger loan agreement is reached with the IMF.
Silenced voices
29 Feb, 2024

Silenced voices

THE state suddenly seems to be acting more loyal than the king as far as respect for the judiciary is concerned. The...
Gwadar deluge
29 Feb, 2024

Gwadar deluge

GWADAR has been battered with severe rains — the worst since 2010 — with both the town and Ormara to its east ...
Democracy damaged
Updated 28 Feb, 2024

Democracy damaged

The reserved seats controversy could have been avoided had the ECP by now decided whether SIC deserves them or not.
Misplaced priorities
28 Feb, 2024

Misplaced priorities

THE federal government’s filing of a petition with the Supreme Court on Monday, seeking to overturn an Islamabad...
Killing jirgas
28 Feb, 2024

Killing jirgas

ANOTHER day and another chilling story unfolds in Kohistan. The jirga institution, declared illegal by the top ...