The government clarifies the SIFC initiative.
ISLAMABAD: The government would use the Armed Forces’ services in a few certain areas in accordance with Chinese and Indonesian models.
The Special Investment Facilitation Council (SIFC) will have three tiers with the following membership, per the Board of Investment’s (BoI’s) notification:
(i) Apex Committee-SIFC (a) the Prime Minister; (b) the Federal Ministers (Planning, Development & Special Initiatives (PD&SI), Finance, IT & Telecom, National Food Security & Research (NFS&R), Power, Water Resources, Industries and Production, Defence, Defence Production and Investment, Law & Justice); (c) the Chief of the Army Staff; (d) the National Coordinator (Pakistan Army); and (e) a Special Assistant to Apex Committee.
Economic difficulties: Army pledges full assistance for caretaker arrangement
(ii) Executive Committee-SIFC; (a) Minister for PD&SI; (b) National Coordinator (Pakistan Amy); (c) Federal Minister (Defence, NFS&R, IT & Telecom and Power, Information & Broadcasting); (d) Ministers of State (Petroleum) and Minister of State (Finance); (e) Provincial Ministers (Agriculture, Mines and Minerals, IT, Energy, Board of Revenue, Irrigation to the executive committee.
iii) Implementation Committee-SIFC-SIFC Secretariat; (a) Special Assistant to the Prime Minister; (b) Secretary, Ministry of Foreign Affairs; (c) Director General (Pakistan Army); (d) Secretary SIFC Secretariat (BS:21)/Additional Secretary (BoI); (e) representative of Pakistan Army; (f) five Sector Coordinators; (g) five co-coordinators ex-Pakistan Army; (a) Additional Secretary (b) Co-Opted Members: (i) The Secretary of Finance; (ii) The Secretary of the Board of Investment; (iii) The Secretary of Economic Affairs Division; (iv) The Chairman of the Federal Board of Revenue (FBR); (v) The Deputy Governor of the State Bank of Pakistan (SBP) (to be proposed by the Governor of the SBP); and (vi) Provincial Focal Persons.
