Shehbaz-led cabinet reviews overall political, economic situation
ISLAMABAD: A meeting of the federal cabinet chaired by Prime Minister Shehbaz Sharif reviewed overall political and economic situation in the country on Wednesday.
The cabinet discussed 12-point agenda in detail and granted approval to amend laws relating to the Board of Investment (BoI). The cabinet also approved the merger of the Special Investment Facilitation Council with the BoI.
However, the National Hemp Policy could not be approved during the cabinet meeting.
Meanwhile on Tuesday, Prime Minister Shehbaz Sharif said the government had established a robust mechanism in the form of the Special Investment Facilitation Council to attract investments with a view to do away with the “addiction” of borrowings and put the country on the course towards self- sustainability.
The prime minister, addressing the participants of the third meeting of International Partners Support Group (IPSG), said the government had chalked out an economic revival plan. Its implementation would require foreign investment and technical support from the friendly countries to enhance per acre yield of wheat, sugarcane and other commodities and focus on other areas of action.
He thanked the member countries and organizations for supporting Pakistan amid the difficult time of unprecedented floods and told them the people still awaited return to their homes as they lacked funding to rebuild the destroyed houses.
This shows the severity of the challenge which requires untiring efforts by the government, friendly countries and the international partners to help Pakistan build climate resilient infrastructure.
The prime minister thanked and appreciated the federal ministers for planning, climate change, finance, economic affairs and foreign affairs and their teams for reaching out to the international community and organizing the Geneva Conference and where international commitment was made.
