SIFC Gives Approval for FBR Reforms & Strategic Canals Vision 2030

ISLAMABAD: The Special Investment Facilitation Council (SIFC) convened its 9th meeting of the Apex Committee, chaired by Caretaker Prime Minister Anwaar-ul-Haq Kakar. The meeting, attended by esteemed dignitaries including the Chief of the Army Staff, Federal Cabinet members, Provincial Chief Ministers, and high-level government officials, proved to be a pivotal moment in steering forward crucial economic initiatives.

During the meeting, the SIFC granted principle approval for the Strategic Canals Vision 2030 and Federal Board of Revenue (FBR) Reforms, highlighting a significant step towards enhancing economic stability and prosperity in the country.

Ministries presented updates on ongoing projects and policy initiatives aimed at attracting investments, showcasing a comprehensive approach towards fostering economic growth. The committee expressed profound satisfaction with the progress achieved so far and commended the ‘Whole of Government Approach’ for its role in realizing envisioned dividends.

The committee extensively reviewed progress on various measures aimed at improving both macro and micro-economic conditions, recognizing the positive impact on the country’s economic landscape.

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Furthermore, the committee lauded efforts to create a sustainable ecosystem for nurturing latent potential and attracting investments, emphasizing cross-sectoral policy interventions, human resource development, infrastructural uplift, and strengthening domestic dispute resolution mechanisms.

Additionally, the committee appreciated the progress in economic engagements with friendly countries, emphasizing the efficient realization of investment commitments into tangible economic dividends.

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In a show of solidarity, the Chief of the Army Staff reaffirmed the Pakistan Army’s unwavering commitment to supporting the government’s initiatives for economic stability and the socio-economic well-being of the nation.

In his closing remarks, Prime Minister Anwaar-ul-Haq Kakar commended the pivotal role played by SIFC, ministries, departments, and affiliated stakeholders in achieving major economic milestones under the interim government. He urged the incoming government to ensure the continuity of economic policies, leveraging the positive momentum established by SIFC for the greater good of the country.

The meeting concluded on a positive note, reflecting a collective commitment towards advancing economic prosperity and stability, setting a robust foundation for future endeavors in Pakistan’s economic landscape.