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SIFC approves projects for attracting investments in diverse sectors

MM News Staff by MM News Staff
July 22, 2023
Reading Time: 2 mins read
SIFC

Prime Minister Shehbaz Sharif chaired the second meeting of the Apex Committee. Source; APP

ISLAMABAD: The Apex Committee of the Special Investment Facilitation Council (SIFC) approved projects for attracting investments from friendly countries in agriculture, livestock, minerals, mining, information technology, and energy sectors.

Prime Minister Shehbaz Sharif chaired the second meeting of the Apex Committee which was attended by Chief of Army Staff General Asim Munir, chief ministers, federal and provincial Ministers and high-level government officials,

The apex committee directed to extend impeccable facilitation to the investors interested in undertaking and actualizing the projects. The meeting reviewed various projects presented by ministries for broaching with investors under the umbrella of SIFC.

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The apex committee expressed satisfaction on functioning of the SIFC and its strategy to outreach the potential investors through conduct of seminars and project inaugurations.

Meanwhile, Prime Minister Shehbaz Sharif Friday said Pakistan had all the ingredients to increase its IT exports to the tune of $25 billion in two to three years.

“Investment in the IT sector can fetch quick rewards and dividends and go a long way towards addressing our unemployment problem,” he said on his tweet handle account.

The PM, who a day earlier attended the national seminar on untapping the IT potential of Pakistan, said the event held under the banner of the Special Investment Facilitation Council (SIFC) was a reflection of our collective resolve to make Pakistan an IT hub.

“The seminar, attended by all stakeholders from the public & private sectors, laid the groundwork for an IT revolution that the country so desperately needs,” he said.

He said, “The SIFC, which represents the whole-of-the-government approach, will ensure the provision of policy continuity and predictability in the IT, agriculture, mines and minerals, and defense production sectors.”

“Governments may come and go but the economic revival plan will be implemented with the same energy and passion,” he said.

“The IT industry will have all the facilitation, and it needs to grow under a one-window arrangement.” “It is now on the industry leaders to access the most of the opportunity. I have my full faith in their ability,” he added.

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