The apex committee of the Special Investment Facilitation Council (SIFC) met on Wednesday to discuss major macro-economic issues affecting the investment climate, including delays in restructuring and privatising cash-bleeding state-owned enterprises (SOEs).
The committee agreed to fast-track the privatization process in order to reduce recurring losses to the national exchequer.
The meeting was chaired by Caretaker Prime Minister Anwaar-ul-Haq Kakar and attended by the Chief of Army Staff, members of the cabinet, caretaker provincial chief ministers, and high-level government officials.
Ministries apprised the forum of the practical steps they have taken in the last month to improve the business and investment environment in the country.
The committee expressed satisfaction with the ongoing negotiations with foreign and domestic investors and directed ministries to continue working together to overcome Pakistan's economic challenges.
The Chief of Army Staff assured the government of the Pakistan Army's support in its efforts to achieve sustainable economic recovery.
In simpler terms, the government of Pakistan is committed to fast-tracking the privatization of SOEs in order to improve the investment climate and reduce the burden on the national exchequer.
