AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, The Special Investment Facilitation Council’s (SIFC) apex committee, in a significant meeting chaired by Prime Minister Muhammad Shehbaz Sharif, pledged to maintain policy continuity and make challenging decisions to set the country on the right economic path. This commitment comes amid efforts to stimulate investments, privatization, and to achieve micro-economic stabilization within Pakistan.
According to Ministry of Information and Broadcasting, the committee reviewed the strides made by the SIFC initiative since its inception last year, noting its evolution and impact under the caretaker government. The meeting highlighted the necessity of adhering to a unified approach under the SIFC framework to address the nation’s economic hurdles.
Prime Minister Shehbaz Sharif articulated the imperative for deep-rooted structural reforms, including the digitalization of the Federal Board of Revenue, to rectify the fiscal imbalance. He proposed that by overcoming such challenges, Pakistan could save up to 1350 billion rupees. Emphasizing collaborative governance, Sharif argued that the federal structure alone is insufficient to confront these challenges without provincial support, asserting that joint efforts are key to overcoming economic difficulties.
Sharif appealed to the Federal Cabinet to transcend political divisions and function as a unified entity to sustain economic momentum. He stressed that the burden of tough economic measures should fall on those more capable of bearing it, protecting the impoverished from further hardship.
The meeting also saw the Chief of Army Staff, General Syed Asim Munir, affirming the military’s complete backing for the government’s economic initiatives, emphasizing the armed forces’ role in securing a safe and supportive environment for realizing Pakistan’s economic ambitions.
The session was attended by notable figures, including former Caretaker Prime Minister Anwaar Ul Haq Kakar, the Chief of the Army Staff, members of both the outgoing and incoming Federal Cabinets, Provincial Chief Ministers, and senior officials, marking a united front in Pakistan’s quest for economic stability and growth.