An Apex Committee meeting of the Special Investment Facilitation Council (SIFC), chaired by caretaker Prime Minister Anwarul Haq Kakar, highlighted the role of the committee in economic recovery and sustainable development.
It also expressed the desire to improve the process of investment from Gulf countries, and reviewed the provision of facilities for investment in the country.
The meeting analysed the interest of Saudi Arabia, United Arab Emirates, Qatar, China for capital investment in Pakistan.
The committee emphasised on accelerating the investment process of $20 to $25 billion in agriculture, minerals, and IT.
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The apex committee committed to create a conducive environment for foreign investment.
The participants of the meeting also proposed to prepare a five-year plan under the SIFC initiatives. It also recommended to the Ministry of Planning to take the necessary steps in this regard.
The prime minister also directed that the SIFC initiatives should be included in the proposed 2024-2028 plan.
It was expected that the committee would approve viable projects related to information technology, and review issues related to the auction of additional spectrum in the telecom sector.
The committee meeting was attended by senior civil and military officials, including Chief of Army Staff Gen Asim Munir.
Federal ministers, military officials, the four provincial chief ministers, chief secretaries and secretaries of all federal ministries also participated in the apex committee meeting.
