SIFC expresses satisfaction with investments from China

Islamabad: Pakistan’s apex committee of the Special Investment Facilitation Council (SIFC) expressed satisfaction with investments from China.

The apex committee convened the meeting to address significant macro-economic issues that are impacting the investment climate in the country.

The committee discussed various matters, including the prolonged delays in the restructuring and privatization of financially troubled state-owned enterprises (SOEs), said an official statement.

During the meeting, the committee reached a consensus on expediting the privatization process with the aim of reducing ongoing losses incurred by these state-owned enterprises, which are burdensome on the national exchequer.

The 6th meeting of the apex committee was chaired by Caretaker Prime Minister Anwaarul Haq Kakar and attended by key figures, including Chief of Army Staff General Syed Asim Munir, members of the cabinet, provincial chief ministers, and high-level government officials.

The committee expressed overall satisfaction with the progress in negotiations with both foreign and domestic investors, which are expected to lead to various investment opportunities.

Ministries presented updates on the steps taken in the past month to enhance the business and investment environment in Pakistan and foreign investments with a key focus on China.

The Iron Brother China has invested billions of dollars in Pakistan and generated millions of jobs for the Pakistanis. The mega China-Pakistan Economic Corridor (CPEC) continues to offer more job opportunities with massive investments.

The Prime Minister commended the efforts of various ministries and departments and encouraged them to maintain a “whole of the government” approach to address the economic challenges facing Pakistan.

The Chief of Army Staff expressed the unwavering commitment of the Pakistan Army to support the government’s initiatives aimed at achieving sustainable economic recovery.

The meeting of the SIFC apex committee focused on addressing economic challenges, particularly related to the privatization of state-owned enterprises, and emphasized the importance of collaboration between various government entities and the military to promote economic recovery and investment in Pakistan.