by: TN Media News:
Caretaker PM Chairs 7th Apex Committee Meeting: Accelerates Pace of SOE Privatization:
In a crucial session led by Caretaker Prime Minister Anwaar ul Haq Kakar, the 7th Apex Committee of the Special Investment Facilitation Council (SIFC) convened to applaud strides in the privatization of state-owned enterprises (SOEs) and urged expediting the process. The meeting, attended by key stakeholders, including the chief of army staff, federal cabinet members, provincial chief ministers, and high-ranking government officials, underscored the commitment to fast-tracking the sell-off process.
Ministries presented updates on projects in pivotal sectors, outlining plans to optimize the investment ecosystem for timely execution. The committee expressed utmost satisfaction with the overall progress achieved through the SIFC, acknowledging increased engagements with friendly countries and a proactive outreach strategy. This approach has yielded heightened traction and approvals on both domestic and global fronts.
Delving into policy-level interventions, the committee greenlit measures to enhance investor confidence, encompassing profit repatriation, fortified domestic dispute resolution mechanisms, infrastructural and human resource development, and the swift operationalization of the EXIM Bank. A comprehensive strategy to address sustainable solutions for oil and gas challenges, focusing on strategic investments in relevant industries, was also urged.
The committee’s keen appreciation for advancements in SOE privatization resonated with the directive to maintain an accelerated pace. Caretaker Prime Minister Anwaar ul Haq Kakar emphasized a collaborative approach among stakeholders to realize short to medium-term dividends, with an eye on long-term endeavors for the nation’s greater good. The Chief of Army Staff reaffirmed the unwavering commitment of the Pakistan Army to support government initiatives, fostering sustainable economic recovery.
