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Formation of Special Council on Investment Facilitation: Is it possible to revive Pakistan's ailing

  • Muhammad Hamza khan
  • Jun 22, 2023
  • 1 min read

Prime Minister Shahbaz Sharif has formed a special committee to bring investment from Middle East countries to Pakistan and made Army Chief General Asim Munir a part of it.

According to the official statement, the purpose of this special committee, created in the name of 'Special Investment Facilitation Council', is to improve the process of investment from the Gulf Cooperation Council (GCC) in the fields of defence, agriculture, minerals, IT and energy. .

This project has come at a time when Pakistan is facing a severe economic crisis and there are increasing fears of bankruptcy of the country due to the fading prospects of the IMF program recovery, while on the other hand, the political crisis in the country has also subsided. Not taking the name.
The Prime Minister has also formed three different committees under this council, in which the first apex committee will be headed by Shahbaz Sharif himself, while Army Chief General Asim Munir has been made a part of it on special invitation. It is not clear what role the army chief will play in this council.

After the Apex Committee, the Executive Committee has been formed which will include the Federal Ministers for Defence, IT, Energy and Ministers of State for Petroleum and Finance.

Apart from them, the provincial ministers for agriculture, minerals, IT, energy, finance, planning and all the chief secretaries will also be part of this committee.

At the third level, an implementation committee has been formed which includes a Director General of the Pakistan Army, a Special Assistant to the Prime Minister and the Secretary of the Council, who will be a 21st grade officer.



 
 
 

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