PM Shehbaz summons SIFC apex committee meeting today

ISLAMABAD: Prime Minister Shehbaz Sharif convened a meeting of the apex committee of the Special Investment Facilitation Council (SIFC) on Thursday.

Shehbaz Sharif will preside over the meeting of the Apex Committee regarding bringing foreign investment into the country. The issues related to investment in the country will be reviewed.

The former Caretaker Prime Minister Anwaar-ul-Haq Kakar and the caretaker cabinet have also been invited to attend the meeting with COAS General Asim Munir and other senior officials.

READ MORE: IMF, Pakistan reach staff-level agreement on final bailout review

Yesterday, the agreement was reached between Pakistan and the International Monetary Fund (IMF) under which Pakistan will get $1.1 billion following approval by the IMF’s Executive Board as part of a $3 billion bailout that has been agreed at the staff level.

The agreement acknowledges the caretaker government’s and the State Bank of Pakistan’s excellent program implementation in recent months, as well as the new government’s plans for continued policy and reform initiatives to transition Pakistan from stabilization to a robust and long-lasting recovery.