PM Shehbaz orders all ministries to fast-track investment projects

Prime Minister Shehbaz Sharif on Thursday calling the implementation of the government’s policies on economic governance inevitable, sought proposals from all relevant ministries suggesting practical measures and a comprehensive strategy involving minimal duration, reported 24NewsHD TV channel.

PM Shehbaz Sharif, chairing a review meeting in Islamabad on economic reforms, increasing investment, and progress on proposed developmental projects, on the first day of the new year, also sought recommendations aimed at further facilitation of foreign and domestic investors.

The prime minister viewed that coordination among all ministries and cooperation between federal and provincial governments had a crucial role in effective economic reforms and overall economic growth.

Calling the institutional and administrative facilitation of investors part of the government’s priorities, he directed all the ministries to promptly prepare recommendations related to external and internal investment and development projects in their respective sectors.

He said that in order to increase investment, special attention should be given to promoting exports and executing the relevant projects.

PM Shehbaz also instructed the relevant ministries to extend cooperation through Pakistani embassies worldwide for facilitating foreign investors. He also directed that the initial orientation on the facilities for investors and other relevant information on investment should be made available at Pakistani embassies.

He also asked all the ministries to give equal attention to industrial production, agriculture, and all other important sectors with a view to attracting investment.

During the meeting, the representatives from different ministries briefed the prime minister on the progress of ongoing developmental projects and work on economic, institutional, and administrative reforms.

The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, federal ministers Ahsan Iqbal, Attaullah Tarar, Ali Pervaiz Malik, and Ahad Khan Cheema, Advisor to PM Rana Sanaullah, Special Assistant to PM Haroon Akhtar, chief secretaries of all provinces, National Coordinator of SIFC, and other relevant government officials.

Reporter Awais Kiyani