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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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Fazlur Rehman wants new elections to be held.

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Speaking to a crowd in Karachi, Maulana Fazlur Rehman claimed that meetings were “sold.” “President House and the Sindh Assembly were also sold,” he continued.

The head of JUI-F insisted on holding fresh elections right away in order to preserve the integrity of the democratic process.

He went on, “The results of the most recent elections are unacceptable and they were rigged.” In order to guarantee that the people’s opinion is heard and their mandate is honored, the JUI-chief called for new elections.

Additionally, Maulana Fazlur Rehman criticized the federal government’s foreign policy, including its position on Israel and Palestine. He declared, “We are being punished for standing with Palestine and against Israel.”

Speaking before a public assembly in Karachi, Maulana Fazlur Rehman asserted that gatherings were “sold”. He added, “Sindh Assembly and President House were sold.”

In order to safeguard the democratic process, the chairman of JUI-F asked that new elections be held immediately.

“It’s unacceptable that the results of the recent elections were rigged,” he stated. The JUI-chief demanded fresh elections in order to give the people’s voice a chance to be heard and their mandate to be respected.

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In the Toshakhana case, the PTI founder contests the NAB notification.

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The Islamabad High Court (IHC) was asked to set aside the NAB notice in a plea submitted by Imran Khan’s representatives, Salman Safdar, Usman Riaz, and Khalid Yousaf, according to the information.

Regarding the Toshakhana issue, NAB Rawalpindi called the PTI founder, who is detained, and his spouse, Bushra Bibi, on April 16.

Bushra Bibi, the former first lady of Pakistan, and Imran Khan, the founder of Pakistan Tehreek-e-Insaf (PTI), were the subject of a new investigation by the National Accountability Bureau (NAB) yesterday.

In a letter to the deputy superintendent of Adiala Jail and call-up notices to Imran and Bushra, the anti-graft body also asked for their attendance during the research.

Case of Toshakhana
In the Toshakhana case, an Accountability Court (AC) on January 31 imposed a 14-year prison sentence on the founder of Pakistan Tehreek-e-Insaf (PTI) and his spouse, Bushra Bibi.

AC Judge Muhammad Bashir delivered the decision. For ten years, the founder of PTI and his spouse were likewise prohibited from holding any public office.

A Rs. 787 million fine was also imposed by the judge.

Prior to this, in connection with the cipher case, Khan and his foreign minister Shah Mehmood Qureshi received 10-year prison sentences under the Official Secrets Act.

In a case concerning their marriage during the latter’s Iddat period, they were each given seven years in prison one day later.

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US Ambassador Donald Blome praises Maryam’s portrayal of the Chief Minister of Punjab.

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According to information, Maryam Nawaz was congratulated by the US envoy on being the first female Chief Minister of Punjab during their meeting.

America’s goal to deepen economic relations with Pakistan, especially in the areas of manufacturing, IT, and agriculture, was conveyed by Ambassador Bloom. Maryam’s people-oriented efforts and initiatives were commended by him, who called them “commendable”.

The ambassador received assurances from Chief Minister Maryam Nawaz that Punjab will offer a safe haven for US investment. She emphasised that a stable administration is essential to guiding Pakistan out of its economic crisis and welcomed US engagement in a number of areas.

The Chief Minister also emphasised how her government’s economic initiatives had reduced inflation.

That Maryam Nawaz and Donald Bloome are meeting for the second time is worth mentioning. It was before to her election as Punjab’s Chief Minister that the first meeting was held.

At Maryam Nawaz’s home in Murree, Senior Vice President of the Pakistan Muslim League-N, Donald Blome, the US Ambassador to Pakistan, had a meeting.

They talked on the value of cooperation in a number of sectors, including as commerce, the economy, security, peace, and regional stability, according to the details.

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