ISLAMABAD : June 20,2023 : A national plan for the economic recovery of Pakistan has been prepared, a Special Investment Facilitation Council has been established, this council will remove obstacles in the way of foreign investment.
The purpose of this national strategy prepared under the title of Economic Revival Plan is to get rid of the current economic problems and crises faced by Pakistan and to pave the way for foreign investment.
The first meeting of the Council under the chairmanship of Prime Minister Mian Muhammad Shahbaz Sharif was held in the Prime Minister House, in which the Army Chief, the Chief Ministers of the provinces, the federal and provincial ministers, including high government officials participated. According to the announcement, the national plan for the economic recovery of Pakistan Aiming to rid the country of current economic problems and crises, the plan will pave the way for foreign investment, harness the potential of sectors such as agriculture, livestock, minerals, mining, IT, and energy.
Under the project, all barriers to investment and business activities will be removed, the council will act as a single window facility, and collaboration between the federal and provincial governments will be created.
Addressing the meeting, Chief of Army Staff General Syed Asim Munir said that the Pakistan Army fully supports the efforts of implementing the government’s plan for economic recovery and that it will help Pakistan regain its rightful place in the international community.
Prime Minister Shehbaz Sharif in his address to the meeting said that the current government inherited an economy on the brink of destruction, they are bringing the economy out of crisis and back to development with difficult and courageous decisions. Export-enhancing foreign direct investment is key.
He said that the investors will be given first priority, the approval process of the projects will be made faster with the cooperation of the federation and the provinces.
The prime minister said that the expected investment will create new employment opportunities, youth and women will get employment, let’s resolve to work together with our full potential, do not get distracted. The announcement issued by the Prime Minister’s Office According to this, the government of Pakistan has issued a comprehensive strategy for the ‘economic recovery’ of Pakistan today in a high-level meeting.
The statement said that the purpose of this national strategy prepared under the title of ‘Economic Revival Plan’ is to get rid of the current economic problems and crises faced by Pakistan and to pave the way for foreign investment.
In the first meeting of the ‘Special Investment Facilitation Council’ (SIFC) established to remove obstacles in the way of foreign investment under the chairmanship of Prime Minister Shehbaz Sharif, Chief of Army Staff, Chief Ministers, Federal and Provincial Ministers and senior Government officials participated.
According to the announcement, the project will utilize the real potential of Pakistan in sectors like agriculture, livestock, minerals, mining, information technology, energy and agricultural production.
According to the statement, the local production capacity of Pakistan and investment from friendly countries will be increased through these sectors under the project.
The statement said that under the plan, the concept of ‘one government’ and ‘collective government’ will be promoted to remove all barriers to investment and business activities.
Special Investment Facilitation Council (SIFC) has been created to speed up the implementation of the project, which will act as a ‘single window’ facility to facilitate investors and investments.
Under the plan, cooperation between the federal and provincial governments will be created, bureaucratic procedures and regulations that cause long and cumbersome procedures will be reduced, cooperation and collaboration mechanisms will be adopted.
According to the statement, timely decision-making regarding investments and projects will be ensured, while implementation of projects with clear timelines will be ensured, coordination will be brought between the federal and provincial governments so that dual efforts are made on the same issue. End the trend.
It said that the high level of participation of the federation and the provinces is a clear expression of the national commitment to economic recovery despite all the difficulties.
Speaking on the occasion, Chief of Army Staff General Syed Asim Munir assured that the Pakistan Army fully supports the efforts of the government to implement the plan for economic recovery and that it will contribute to the socio-economic well-being of Pakistan and its legitimacy in the international community. Considers the basis for regaining position. The Prime Minister reminded that the current government inherited an economy on the brink of collapse, which is being brought out of crises and brought back to construction and development through difficult and courageous decisions.
On this occasion, the Prime Minister said that there are huge challenges in front of us now, for economic recovery, direct foreign investment that increases exports is of key importance, so the government has decided that the federal government should adopt collective thinking for effective implementation. And the style of partnership should be adopted in the provinces.
He said that investors will be given top priority and approval process related to projects will be expedited through collaboration.
The Prime Minister said that the expected investment will create new employment opportunities, youth and women will get employment, give new opportunities for development, our focus is to enable the youth and women to fully express their abilities, empower them. To make.
Shahbaz Sharif said that let’s resolve to work together with our full potential and do not let our attention wander, we can change the destiny of Pakistan and the people, but for this we have to work hard and continuously and while maintaining the direction of the country. Nations must be kept on the path of development and prosperity.
Prime Minister Shehbaz Sharif said that Pakistan and its people have the right to be sidelined with economic development and prosperity, it is the responsibility of all of us who have been entrusted with this duty by Allah.
