‘SIFC – A Step in the Right Direction’
The government extended a special invitation to the COAS to join the high-level committee to combine the expertise and resources of both civil and military establishments. #SIFC was hailed by all sections of society as an important step towards economic recovery. SIFC has set a five-year horizon for its investment targets. These targets are complex and overarching in nature and require a longer timeframe to achieve; hence, are not easily divisible into monthly or quarterly goals. The Council is making significant progress in attracting investments and driving various projects. The council has signed a significant (MoU) worth 1.5 billion with a Chinese company, for the up-gradation of #Pakistan Refinery Limited. The council is focusing on #agriculture and livestock corporate farming particularly in cholistan where 60000 acres of land has been prepared for this purpose. Copper mining is planned for #Chagai while iron ore and salt mining projects are in progress in #Punjab and other parts of #Balochistan. Incentives have been provided to the Information Technology Sector including measures such as 50% repatriation of forex, debit cards and work spaces for freelancers. Several initiatives in the energy sector are being undertaken such as determining solar tariffs, equalizing gas prices. The Council with the support of Pakistan Army, hopefully, would be able to overcome the challenges and transform Pakistan’s #economy resulting in improvement of the lives of ordinary Pakistani citizens.
https://brecorder.com/news/40271244/sifc-a-step-in-the-right-direction
https://twitter.com/peconomist_/status/1720529065747374422?s=19
