SIFC presents plans to remove barriers impacting businesses

ISLAMABAD: Special Investment Facilitation Council (SIFC) here on Wednesday in a 2nd session reviewed the progress of remaining ministries regarding improving the business environment in the country and macro-economic stability, ARY News reported.

The meeting was chaired by the Minister for Planning, Development and Special Initiatives and attended by the National Coordinator for SIFC, Dr Jehanzeb Khan SAPM (Governance Effectiveness), concerned Federal and Provincial Ministers and high-level government officials, said a news release.

The ministries presented elaborate plans to remove barriers impacting businesses and improve the ecosystem for attracting investment in the country.

The Committee also reviewed various enforcement mechanisms put in place to deal with the menace of smuggling, hoarding and grey/black market; various lines of action were deliberated upon to hammer out a consensus-based way forward.

In the end, the Committee recommended concrete measures and policy-level interventions in the short, medium and long term for a sustainable economic revival of the country.

The recommendations made by the Executive Committee will be presented in the next meeting of the Apex Committee for approval and implementation.

It is pertinent to mention here that the Special Investment Facilitation Council (SIFC) was constituted for 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 the Chief of Army Staff (COAS), Chief Ministers, Federal and Provincial Ministers, and high-level government officials.