Caretaker government to ensure full use of SIFC forum: Kakar

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Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday said that the caretaker government would ensure full use of Forum of Special Investment Facilitation Council (SIFC). Terming the SIFC as a ray of hope for Pakistan’s economic development, the prime minister said the government would focus on development of different sectors under the umbrella of SIFC. Addressing a meeting held here in connection with the working of SIFC, Anwaar-ul-Haq Kakar said the government would devote all its energies to the stability and development of Pakistan’s economy during its short tenure. He directed to harmonize the regulatory structure with the contemporary international requirements to improve the energy sector of the country. He said Pakistan had vast potential for foreign investment in the fields of agriculture, mining and minerals, IT, energy and defense production. During the meeting Secretary SIFC Jahanzeb Khan and Jameel Ahmed Qureshi briefed the prime minister about steps taken to bolster Foreign Direct Investment. The Prime Minister was informed about the steps taken to create opportunities for foreign investment in agriculture, mining and minerals, IT, energy and defense production under the Special Investment Facilitation Council. The PM was also informed about the whole of the government approach to facilitate the investors and increasing the foreign investment under SIFC. The meeting was further informed that under this forum, the government would provide one window facility to the investors for different projects. The prime minister appreciated the efforts of Jahanzeb Khan and Jamil Ahmed Qureshi to promote investment in the country under SIFC. Anwaar-ul-Haq Kakar believed that the SIFC would play its vitol role in improving the country’s economy. He said there was huge potential of foreign investment in the projects of infrastructure and tourism.