ISLAMABAD: According to Prime Minister Shehbaz Sharif, Wednesday’s top priority was to boost Foreign Direct Investment (FDI) in the nation to $5 billion with the aid of the Special Investment Facilitation Council (SIFC).
He claimed to have ardently supported a coordinated strategy to lead the nation out of its economic difficulties and toward sustainable growth.The coalition government has decided to create the Special Investment Facilitation Council (SIFC), the prime minister said, “employing a whole-of-government approach, with a mandate to frame economic policies that ensure policy predictability, continuity, and effective implementation to revive the economy.” He claimed that because of its makeup, the SIFC will act as a major decision-making body to advance structural reforms.of the economy.
To begin with, he said the forum will focus on leveraging key sectors such as IT, agriculture, energy, minerals and mining, and defence production. “Attracting investment from friendly countries remains one of the key goals of the SIFC,” he added. Shehbaz Sharif said the need for a representative forum like the SIFC has long been felt, given the scale of the economic challenges caused by internal and external factors. He said the textbook approach to deal with a unique set of problems is not workable anymore. Hence all the more reason to leverage collective wisdom to kick-start the economy to make it self-reliant, export-driven, and robust, capable of withstanding external shocks and upheavals. “Creative ideas offer the solution to our economic problems,” he added.Meanwhile, Prime Minister Shehbaz Sharif on Wednesday said early childhood education was a building block for shaping the personality and determining career pathways for children. He said this was at this early stage in their educational journey that they imbibe the basic norms and values of social conduct. “Happy to announce the holding of Pakistan Learning Conference 2023 that focuses on building foundations by adopting the global best practices to empower children,” he said in a tweet. The prime minister said he was very keen to attend the Conference and listen to the varied perspectives from scholars and policy practitioners from different backgrounds but could not make it due to his commitment to represent Pakistan at a global financial moot in Paris. “However, I wish the Conference all the best and look forward to its recommendations for building a resilient and happy future for our children,” he added.
