SIFC: COAS Reassures Army’s Resolve to Support Initiatives for Economic Prosperity

Sun May 26 2024
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ISLAMABAD: Chief of the Army Staff (COAS) General Syed Asim Munir Saturday reassured the firm resolve of Pakistan Army to backstop government’s initiatives for economic prosperity of the country and socio-economic well-being of its people.

The assurance came during the 10th meeting of Apex Committee of SIFC which convened to review various initiatives and projects under its ambit.

​The meeting was chaired by the Prime Minister and attended by Chief of the Army Staff, federal cabinet members, provincial chief ministers and high-level government officials.

The ministries provided comprehensive progress on various projects and policy initiatives managed through the SIFC platform and offered plans to achieve set milestones in the future.

The Committee expressed deep satisfaction with the overall progress made so far and appreciated the role played by the federal ministries, provincial governments and associate ministries in realizing the anticipated dividends.

The forum appreciated the facilitation provided from the SIFC platform to improve macroeconomic conditions of the country.

The committee also reviewed progress in ongoing economic cooperation with friendly countries, appreciated the recent increase in trade and investment commitments under government-to-government and business-to-business frameworks, and provided guidance for an effective follow-up mechanism for transformation. these commitments into tangible projects and economic dividends at a rapid pace.

The committee reviewed the progress in the privatization of state-owned enterprises (SOEs), expressed satisfaction with the ongoing process and called for timely completion of various privatization milestones in cooperation with relevant stakeholders.

The Chief of Army Staff assured the firm resolve of the Pakistan Army to stop the government’s initiatives aimed at the economic prosperity of the country and the socio-economic well-being of its people.

Finally, the Prime Minister appreciated the role of SIFC and associated stakeholders in managing the investment and privatization drive in an appropriate manner.

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