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Army chief included in PM-led body formed for economic revival

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  • SIFC is three-tier composition having apex, executive and implementation committees.
  • Body to provide impetus to government’s efforts for economic revival.
  • Executive committee will consist of ministers, national coordinator.

ISLAMABAD: The federal government has constituted the ‘Special Investment Facilitation Council (SIFC) to provide an impetus to the government’s efforts for economic revival — to be chaired by the prime minister and comprising the army chief and senior federal minister.

The notification in this regard has been issued by the PM Office.

— PM Office
— PM Office

“Pursuant to the meeting held on Friday, 2nd June, 2023 with regard to attracting investment from GCC countries in the fields of defence, agriculture, minerals, IT and energy, the prime minister has been pleased to constitute ‘Special Investment Facilitation Council’ (SIFC),” the notification read.

The announcement comes a day after the government unveiled an elaborate ‘Economic Revival Plan’ with a view to capitalise on Pakistan’s untapped potential in key sectors, fast-track the development projects and facilitate investment.

The plan was unveiled during a high-level meeting chaired by Prime Minister Shehbaz Sharif in Islamabad, which was attended by Chief of Army Staff General Asim Munir, chief ministers, federal and provincial ministers, and other high-level government officials.

During the meeting, COAS Munir assured all-out support to complement the government’s plan for the revival of the economy.

As per the notification, the SIFC is a three-tier composition having an apex, executive committee and implementation committees.

The apex body will have the prime minister, federal ministers (planning, finance, IT & Telecom, food security, power, water resources, industries and production, defence, defence production and investment), chief of the army staff, all chief ministers, national coordinator (Pakistan Army) and Special Assistant to the Prime Minister shall act as Secretary to the body.

However, the executive committee will consist of the planning minister, national coordinator (Pakistan Army), federal ministers (defence, food security, IT & Telecom and Power), state ministers (petroleum and finance), provincial ministers (agriculture, mines and minerals, IT, energy, Board of Revenue, irrigation, finance, planning and development and investment), SAPM, chief secretaries, director general (Pakistan Army), secretary Board of Investment.

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The PPP and PML-N will confer on power-sharing arrangements in Punjab today.

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The coordination committees of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) are scheduled to convene today at the Governor’s House in Lahore to deliberate on power-sharing arrangements in Punjab.

The PPP delegation would comprise Punjab Governor Sardar Saleem Haider, Raja Pervez Ashraf, Makhdoom Syed Ahmed Mahmood, Nadeem Afzal Chan, Hassan Murtaza, and Ali Haider Gilani.

Ishaq Dar, Azam Nazir Tarar, Rana Sanaullah, Malik Muhammad Ahmed Khan, and Maryam Aurangzeb will represent the PML-N.

The conference will discuss local issues in Punjab and offer a forum for the PPP to express its concerns over its collaboration with PML-N in the province.

Both parties seek to fortify their partnership and optimize governance techniques in Punjab.

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Sheikh Rasheed says PTI and government negotiations won’t provide any results.

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Sheikh Rasheed voiced his worries about the nation’s ongoing political dilemma while speaking outside the Anti-Terrorism Court.

According to Sheikh Rasheed, a committee was established to negotiate, but the process has not produced any tangible results. In order to emphasize the seriousness of the situation, he said, “Political conditions are extremely bad.”

He made the joke, “Even after war, if negotiations fail, then it will all come down to judo karate,” in reference to the next steps.

“Everyone there prays for Pakistan’s betterment,” Sheikh Rasheed, who had returned from Saudi Arabia, said. He emphasized the necessity for the nation’s circumstances to improve and stabilize.

Assad Qaiser, a former speaker and PTI leader, had earlier called on Speaker Ayaz Sadiq of the National Assembly to discuss the official start of talks with the government.

The two leaders shared their opinions on bringing parties together on matters of national importance and reducing political tensions and conflict.

“I will persuade my people, you persuade the hardliners in your party,” Ayaz Sadiq said to Assad Qaiser.

The party’s founder is in jail, and the PTI leadership has asked to meet with him. “We will continue to confer with him,” Assad Qaiser declared.

Earlier, PTI leader Shaukat Yousafzai stated that if the discussions don’t begin, a campaign of civil disobedience will begin on December 14.

Speaking to the media Regarding the meetings, Yousafzai claimed that the government ministers were making insincere remarks.

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Bushra Bibi maintains bail as the IHC concludes the FIA’s petition.

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The Islamabad High Court (IHC) conducted a hearing about the Federal Investigation Agency’s (FIA) plea for the revocation of Bushra Bibi’s bail.

The court, led by Justice Miangul Hassan Aurangzeb, rejected the FIA’s petition during the hearing.

Judicial Proceedings

Justice Miangul Hassan Aurangzeb sought information regarding Bushra Bibi’s location, to which her attorney, Barrister Salman Safdar, affirmed her attendance in court.

The judge urged the counsel to regard the matters with gravity, underscoring the necessity of adherence to trial protocols.

The court sought details about instances where Bushra Bibi had been exempted from attending trial hearings and clarified that if the High Court grants bail and the accused fails to appear, the trial court holds the authority to cancel the bail.

Justice Aurangzeb assured that such actions would not amount to contempt of the High Court’s order.

Based on these considerations, the court closed the proceedings and dismissed the FIA’s plea.

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