PM forms cabinet committee on SIFC

Source: The News International

ISLAMABAD: After the Special Investment Facilitation Council (SIFC), Prime Minister Shehbaz Sharif has formed the Cabinet Committee on Special Investment Facilitation Council.

The committee has been constituted under Rule 17 of the Rules of Business, 1973. The Cabinet Division has issued a notification for the establishment of the committee. The committee will consist of 6 regular members, while six will be coopt-members.

The chairman of the committee will be the prime minister. Among the other eleven members are Finance Minister, Defense and Defense Production Minister, Planning and Development Minister, Information Technology Minister, National Food Security Minister, Power Minister, Law and Justice Minister, Investment Board Minister, Industries and Production Minister and the Minister of Petroleum. Coopt members who are invited on special invitation include Chief of Army Staff, provincial chief ministers and national coordinators.

The ToRs of the committee will be the same as of SIFC and are notified. The cases, which are within the scope of SIFC under the Board of Investments Ordinance 2001 but outside the SIFC jurisdiction, will be presented to the committee for approval.

The decisions of the SIFC committee will be submitted to the federal cabinet meeting for final approval. SIFC will provide secretariat support to this committee.