Govt unveils Economic Revival Plan, COAS assures ‘all-out support’
ISLAMABAD (MNP) – The federal government, in the wake of economic hardships confronting the country, on Tuesday unveiled an elaborate “Economic Revival Plan” with a view to #capitalising 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 and attended by the Chief of Army Staff (#COAS), chief ministers, federal and provincial ministers, and high-level government officials, a PM Office press release said.
The COAS, speaking on the occasion, assured the Pakistan Army’s all-out support to complement the government’s efforts for the plan, considered fundamental to socio-economic prosperity of Pakistanis and reclaiming Pakistan’s rightful stature among the comity of nations.
The Economic Revival Plan envisages capitalising Pakistan’s untapped potential in key sectors of defence production, agriculture, livestock, minerals, mining, information technology and energy, through indigenous development as well as investments from friendly countries.
To fast-track the development of projects, the establishment of the Special Investment Facilitation Council (SIFC) has been undertaken to act as a “Single Window” interface for the potential investors as well as to adopt a unified approach.
The setup will shorten heretofore cumbersome and lengthy business processes through a cooperative and collaborative “whole of the government approach” with representation of all stakeholders. It is aimed at creating horizontal-vertical synergy between the federation and provinces; facilitating timely decision making; avoiding duplication of effort; and ensuring swift project implementation.
