SIFC Executive Committee Highlights Coordination for Industrial Growth

SIFC Executive Committee Highlights Coordination for Industrial Growth

On Thursday, the Special Investment Facilitation Council’s (SIFC) Executive Committee emphasized the need for cooperation and coordination between all stakeholders involved in strengthening Pakistan’s industrial sector, State-run Radio Pakistan reported.
SIFC SIFC is a group that assists foreign investment in enhancing the business process for investors and attracting investment from other nations.
In May of last year, the Pakistan Business Council (PBC) recommended that the SIFC work on transforming the environment for investment. PBC Chief Executive Ehsan Malik urged the council to reduce the silo work of the key ministries to ensure the long-term stability of policies.
In September, four nations were allocated $27 billion [ 3 to invest by launching various large-scale projects within Pakistan within the SIFC framework.

The Federal Minister of Planning, Development and Special Initiatives, Ahsan Iqbal, chaired the committee’s 12th meeting in Islamabad yesterday. The meeting examined the progress of ongoing projects and policies in various sectors.
“The meeting commended the ongoing efforts to grant industrial status to the warehousing and logistics sectors,” Radio Pakistan stated.

The report said the goal was to enhance the investment climate in the country and clear the way to progress in essential sectors, thereby enhancing Pakistan’s standing on the international world stage.
During the meeting, various ministries provided updates on the progress of projects and actions at a policy level, which SIFC is carrying out. SIFC forum.
According to the report, the committee held in-depth discussions. It concluded that policy issues in essential sectors, such as livestock, agriculture, industry mining, petroleum and gas, minerals ports, and oil and gas, should be addressed.
“In alignment with directives from the prime minister during the 11th Apex Committee meeting, the committee focused on fast-tracking the implementation of the revised framework for Special Economic Zones (SEZs),” it said.
In addition, the committee urged quick actions on different aspects of port and shipping infrastructure.
Particular attention was paid to improving terminal handling, which will aid smoother imports and exports and align with the committee’s goal to improve trade logistics.
The committee recommended that this SIFC forum accelerate cross-sectoral issues through policy-level actions or stakeholder discussions.
Federal ministers, the national coordinator of SIFC, federal secretaries, provincial chief secretaries, and other senior officials from the government attended the event.