An important meeting was held to discuss and address the challenges faced by businesses in Pakistan. Chaired by the Minister for Planning, Development, and Special Initiatives, the meeting was attended by the National Coordinator for SIFC, Dr. Jehanzeb Khan SAPM (Governance Effectiveness), along with concerned Federal and Provincial Ministers and high-level government officials, as stated in a news release.
Detailed plans were presented by the ministries to identify and eliminate barriers that are impacting businesses and hindering investment in the country. The objective is to create a conducive business environment that promotes growth and attracts both local and foreign investment.
The meeting also focused on devising effective enforcement mechanisms to combat issues such as smuggling, hoarding, and the grey/black market. Various approaches were discussed and consensus-based strategies were proposed to tackle these challenges head-on.
As a result of the meeting, the Committee recommended concrete measures and policy-level interventions in the short, medium, and long term to ensure sustainable economic revival in the country. These recommendations will be presented in the next meeting of the Apex Committee for approval and subsequent implementation.
It is worth mentioning that Special Investment Facilitation Council (SIFC) was established with the goal of driving the economic revival of Pakistan. The Economic Revival Plan was unveiled during a high-level meeting chaired by Prime Minister Shehbaz Sharif and attended by prominent officials, including the Chief of Army Staff (COAS), Chief Ministers, Federal and Provincial Ministers, and other senior government representatives.