ISLAMABAD – The fifth meeting of the Special Investment FacilitationCouncil’s (SIFC) Apex Committee held here on Friday with a special focusto improve the overall business and investment environment in the countrybeing imperative for ‘economic revival’.
The meeting was chaired by Caretaker Prime Minister Anwaarul Haq Kakar andattended by Chief of Army Staff, federal cabinet members, provincialchief ministers and high-level government officials.
The ministries concerned presented their plans/roadmaps to overcome themacroeconomic challenges, governance related impediments and voids inregulatory mechanisms in a bid to attract both foreign and domesticinvestment, and stimulate economic growth.
The committee deliberated upon various measures to be taken in short,medium and long terms to reap the envisaged dividends. Various practicalsteps were approved by the prime minister that will be operationalised assoon as possible.
The prime minister asked the ministries to deliver optimal resultsirrespective of the time that was available with the caretaker governmentand emphasized to lay a strong foundation for the future government.
Addressing a press conference along with federal ministers in Islamabad onFriday, Caretaker Minister for Information and Broadcasting MurtazaSolangi says steps are being taken to promote investments in the country.Murtaza Solangi also said steps are also being taken to reduce government’sexpenditure. He said issues related to smuggling, dollar and othercommodities were discussed during Friday’s meeting of Special InvestmentFacilitation Council. Speaking on the occasion, Caretaker Minister forFinance Dr Shamshad Akhtar said we intend to enhance social safety netamidst structural adjustments. She said we are making concerted efforts toaugment macroeconomic stability. She said our priority is to ensure supplyof energy to industrial sector.
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Caretaker Finance Minister Shamshad Akhtar on Friday said that the countryis likely to receive $6billion inflows from the multiple sources during thecurrent year 2023 including next tranche from the International MonetaryFund (IMF).
Addressing a press conference, the minister said that the IMF would holdnext review with Pakistan in November this year, which would pave way forreleasing next loan tranche by the end of current year.
She further said that the country would also receive loans from the WorldBank and Asian Development Bank. Overall, the country would receive $6billion from different sources, she added. While answering a question ofa reporter Dr Shamshad Akhtar said, “Once our imports will be open and 2ndreview of IMF is done in November, we can potentially get payments fromIMF, Asian development Bank, world bank and we can possibly get $6 billioninflows by the end of this year
