Army to fully support govt’s initiatives for economic growth: COAS

Army to fully support govt’s initiatives for economic growth: COAS

Islamabad: Chief of Army Staff General Asim Munir has reiterated the army’s undaunted resolve to backstop the government initiatives for sustainable economic growth.

The commitment comes during the the 7th meeting of the Apex Committee of SIFC that was chaired by caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday.

The PM directed all the stakeholders to vigorously pursue the Special Investment Facilitation Council’s (SIFC) initiatives through a collaborative approach to reap the dividend in short to medium terms, besides initiating processes for long term endeavours in the larger national interest.

The committee showed extreme satisfaction on overall progress under the umbrella of SIFC, appreciated the enhancing level of engagements with friendly countries, both public and private entities, and the outreach strategy to proactively engage investors’ community, which was translating in enhanced traction and approvals at domestic and global stages.

It reviewed progress on various measures undertaken to improve investment climate and approved policy level interventions to further improve investors’ confidence including repatriation of profits, strengthening domestic dispute resolution mechanism, infrastructural and human resource development, and speedy operationalization of EXIM Bank.

The committee also directed to make a comprehensive strategy to address oil and gas issues in a sustainable manner by investing in relevant industries.

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