Pakistan's SEZs set for overhaul under new SIFC plan

January 03, 2025 (MLN): The Special Investment Facilitation Council (SIFC) has endorsed the action plan for the optimization of Special Economic Zones (SEZs), aiming to rejuvenate Pakistan’s industrial sector.

The Committee also reviewed the proposal of the national minerals harmonization framework with the due consent of all stakeholders.

The aforementioned matters were discussed during the 11th apex committee meeting of the SIFC held yesterday.

The committee reviewed various initiatives being advanced through the SIFC forum under the chairmanship of Prime Minister Muhammad Shehbaz Sharif.

The meeting was attended by the Chief of the Army Staff, Federal Cabinet, Provincial Chief Ministers, the Prime Minister of Azad Jammu and Kashmir, the Chief Minister of Gilgit-Baltistan, and other senior officials.

The Secretary of the apex committee briefed the forum on the strategic focus, initiatives, and contributions of SIFC in supporting the national economic transformation plan 2024-2029, titled ‘Uraan Pakistan.’

The committee expressed deep satisfaction with the improvement in the country's macroeconomic conditions while stressing the need for collective efforts to ensure sustained economic growth and deliver its benefits to the public.

The forum was briefed on various initiatives in the domain of HRD, enabling the improvement of skills and global standard accreditation.

CMs also shared the ongoing initiatives in each province which will spur economic growth.

COAS assured firm resolve of Pakistan Army’s support to the government’s initiatives for economic stability ensuring peace and security.

In the end, the Prime Minister appreciated the role of SIFC, ministries, departments, and affiliated stakeholders in setting the tone for future activities during 2025.

He also emphasized the importance of collective efforts at all tiers in the larger interest of the country.

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