SIFC praises progress on SOE privatization in 10th Apex meeting

May 26, 2024 (MLN): The Special Investment Facilitation Council, in its 10th meeting of the Apex Committee on May 25, 2024, reviewed the progress on the privatization of State-Owned Enterprises (SOEs) and expressed satisfaction with the ongoing process.

The meeting was chaired by the Prime Minister and attended by Chief of the Army Staff, Federal Cabinet, Provincial Chief Ministers and high level government officials.

The Ministries gave comprehensive progress on various projects and policy initiatives being steered through the platform of SIFC, and proffered plans for accomplishment of set milestones in the future.

The Committee exhibited profound satisfaction with the overall progress achieved so far and appreciated the role of Federal Ministries, Provincial Governments and associated departments in realising the envisioned dividends.

The Committee appreciated the facilitation provided by the platform of SIFC for improving the macroeconomic conditions of the country.

The Committee also reviewed the progress on ongoing economic collaboration with friendly countries, and appreciated the recent upsurge in trade and investment-related engagements under Government-to-Government and Business-to-Business frameworks.

Moreover, it gave directions for an efficient follow-up mechanism to transform these commitments into tangible projects and economic dividends, at a fast pace.

The Committee reiterated the commitment to improve the investment ecosystem, and gave directions to make it more investment-friendly through sustainable policy initiatives.

The Chief of the Army Staff reassured the firm resolve of Pakistan Army to backstop Government’s initiatives for economic prosperity of the country and socio-economic well-being of its people.

In the end, the Prime Minister appreciated the role of SIFC and affiliated stakeholders for steering the investment and privatization drive, in a befitting manner.

The Prime Minister gave directions to fast-track various initiatives through ‘Whole of the Government' approach, and play a constructive role towards the economic stability of the country.

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