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March 22, 2024

Civil-Military Forum Reiterates All-out Measures to Steer Country out of Crisis

ISLAMABAD: As the country is facing a deep-seated economic crisis including soaring inflation and depleting reserves, the civil-military leadership of the country has pledged it will not shy away from taking tough decisions.

The resolve was expressed on Thursday at an apex committee meeting of the Special Investment Facilitation Council (SIFC) — a civil-military forum established to attract foreign investment.

The meeting was chaired by Prime Minister Shehbaz Sharif and attended by former caretaker PM Anwaar Ul Haq Kakar, Army Chief General Asim Munir, members of outgoing and incoming federal cabinet, provincial chief ministers, and high-level government officials, according to an official statement issued following the meeting.

The apex committee underscored the need of continuing a consensual approach under SIFC to navigate the myriad of challenges being faced by the country.

The civil-military body also vowed to ensure continuation of policies and take tough decisions in the larger interest of the country by setting correct economic priorities.

Army Chief Gen Munir reassured the fullest support of the Pakistan Armed Forces to support the economic initiatives of the government and ensure the provision of safe, secure and conducive environment to nurture the country’s true economic potential, according to the communique.

PM Shehbaz said that SIFC is the way forward under challenging times and an iron resolve is needed to serve the country like never before.

He urged the federal cabinet to join hands, keep political differences aside, and work as a cohesive team to maintain the momentum of economic stability.

He also thanked the caretaker government for continuation of a larger national economic agenda in a “befitting manner”.

Marking a “historic moment of seamless transition,” the meeting was conducted with a singular focus of briefing the cabinet in the presence of the caretaker cabinet, the statement added.

The apex committee was briefed about the SIFC initiative and major contributions made towards the investments, privatization and overall micro-economic stabilization of the country.

“The committee admired the leadership of Prime Minister Shehbaz Sharif for envisioning and launching the SIFC in June 2023, which has now moved from its formative phase and evolved progressively under the caretaker government,” read the statement.

The former caretaker prime minister congratulated PM Shehbaz, cabinet members and chief ministers on assuming their responsibilities and wished them good luck for dealing with economic challenges and transforming Pakistan as one of the top economies of the world… - The News

Courtesy The News

 

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