The newly established Special Investment Facilitation Council (SIFC), according to Prime Minister Shehbaz Sharif, would help Pakistan’s industrial and agricultural sectors thrive.
PM Shehbaz praised foreign investment while speaking at an award ceremony for Chinese businesses that provided crucial services for CPEC projects in Pakistan.
The Prime Minister described SIFC as a great initiative and noted that it had members from both the federal and provincial governments.
The Pakistan Army, led by COAS General Asim Munir, who has personally contributed to this plan in a level that has never been matched before, would be among the institutions that are included, the PM added.
The Army Chief is still “totally dedicated to the cause of Pakistan,” according to PM Shehbaz.
According to Prime Minister Shehbaz, “SIFC will integrate with this entire CPEC mechanism and will be a propeller in terms of Pakistan’s industrial and agricultural progress.”
The prime minister praised China’s leadership throughout Pakistan’s difficult economic circumstances.
“It is not incorrect to draw the conclusion that Chinese businesses and the government, led by President Xi Jinping, have made contributions in a way unheard of recently.”
He said that Chinese businesses invested more than $30 billion in a variety of development projects in Pakistan, which is quite admirable.
“They have changed Pakistan’s economic environment. Now that CPEC is in its second phase, IT corridors, green corridors, and Special Economic Zones (SEZs) like Rashakai will all benefit, according to PM Shehbaz.
According to the prime minister, these projects would be carried out using a B2B model under the auspices of the governments of Pakistan and China.
The PM acknowledged that Chinese businesses have had issues in Pakistan in the past while speaking to them. “I can assure you, those times are over, and we are entering into a new phase of cooperation between the two countries, we are streamlining and simplifying the procedures,” he added.
