Step in the right direction

Hafiz Muhammad Tahir Mahmood Ashrafi

 September 11, 2023
Published in: The Nation

Under the leadership of the military establishment, a Special Investment Facil­itation Council (SIFC) has been formed to stymie Pakistan’s economic downfall and harness its untapped op­portunities for develop­ment and growth. The format of the council will enable the businesses to function without bureau­cratic hurdles and structural inefficiencies in the regulatory and policy formulation system. 

Recently, Pakistan’s Army Chief held special meetings with the busi­ness community to take a pulse of the prevalent business sentiments. During his meeting, General Asim shared with businessmen the pros­pects of receiving huge investments from Gulf countries under the SIFC. He told the business community that Saudi Arabia had pledged to invest $25 billion in Pakistan. Re­garding the UAE, the army chief has requested the Emirates’ rulers to in­vest another $25 billion in the SIFC-led projects. He has re-quested both countries to give Pakistan $10 bil­lion each to help it over-come the foreign exchange crisis. The mon­ey shall be returned in rupees once Pakistan gets back on its feet.