Chief of the Army Staff General Asim Munir has said that in order to ward off red-tapism and bureaucratic snags in the way of development, the Government of Pakistan as “one-step initiative” has formed Special Investment Facilitation Council (SIFC), reported 24NewsHD TV channel.

Addressing the inaugural session of Pakistan Minerals Summit in Islamabad on Tuesday, General Asim Munir maintained that SIFC’s establishment was aimed at bringing all the stakeholders at one platform. “This Council consists of representatives from military, civil bureaucracy, federal government and provincial governments,” he added.

General Asim Munir said that it is our social responsibility that everyone should play a role for country's economy. As a nation, we should all come forward and work hard, and God willing, we will succeed, he added.

The Army Chief invited foreign investors to discover “hidden treasures” in shape of minerals in Pakistan. He said, “Our homeland is blessed with various minerals, and it is our social responsibility to contribute to the national economy.

General Asim Munir said the Pakistani government had established the Special Investment Facilitation Council (SIFC) in collaboration with all institutions. Its establishment brings all stakeholders to a common platform, besides formulating new principles for easy business for both local and foreign investors.

General Asim Munir emphasized that walking on the path of peace and prosperity is the key to stability, and mineral projects are sources of progress for the public.

While referring to teachings of the Holy Quran, he said that Allah helps those who help themselves. He further stated Pakistan was blessed with snow-capped mountains, vast deserts and coastal plains. “It is our social responsibility to play our role and contribute to the country's economy,” he said.

On this occasion, COAS thanked foreign investors from different countries, including Saudi Arabia, for their participation in the summit.

Reporter Ahmad Mansoor