SIFC hoped to attract huge foreign investment

By Anzal Amin

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the recently-instituted Special Investment Facilitation Council (SIFC) would continue to work as before to lay the foundations for fast-track foreign investments, particularly from Saudi Arabia.
The prime minister, in a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy, who called on him here, highlighted energy, infrastructure, agriculture, IT and manpower as potential sectors of cooperation.
The Saudi ambassador congratulated the prime minister on assuming office and conveyed best wishes and greetings on behalf of the Custodian of Two Holy Mosques, as well as Crown Prince Mohammed Bin Salman, and the people of Saudi Arabia.
The prime minister said that Pakistan and Saudi Arabia enjoyed historic and deep-rooted ties. He thanked the Saudi government for its consistent support for Pakistan’s economic stability and development. He particularly mentioned the large number of Pakistanis working in Saudi Arabia and requested the Saudi side to continue to extend all possible facilitation to them.
Prime Minister Kakar lauded the vision of the Saudi leadership and said that Saudi Arabia could always count on Pakistan as its trusted and reliable partner. Ambassador Nawaf reiterated that Saudi Arabia and Pakistan were bound together in a fraternal relationship, which was characterized by mutual trust and understanding, and close cooperation on all bilateral and regional issues of common interest.
Caretaker Prime Minister (PM) Anwarul Haq Kakar on Wednesday said that he looked forward to working with the United Arab Emirates (UAE) on advancing bilateral cooperation in various fields, especially trade, investment and energy.
The prime minister, in a meeting with the UAE Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi, who called on him here, expressed gratitude for the UAE’s support for Pakistan’s economic and financial stability.
The ambassador conveyed the greetings of the UAE leadership to the prime minister on his assumption of office. Prime Minister (PM) Kakar thanked the UAE government for the warm congratulatory messages and said that Pakistan and UAE enjoyed historic and deep-rooted fraternal ties.
He also wished the UAE success in hosting the COP28 Summit later this year.
The caretaker PM also emphasised the important role played by the Pakistani diaspora in the UAE and sought the UAE government’s continued support to them.
Senator Anwarul Haq Kakar was selected as Pakistan’s caretaker prime minister, PM Shehbaz and Riaz have sent advice regarding Kakar’s appointment as the caretaker prime minister to President Alvi, the statement added.
The premier thanked the opposition leader for his cooperation in the consultation process for the nomination of the caretaker PM.
Shortly afterward, the president approved the summary under Article 224 A of the Constitution.
Senator Anwar ul Haq Kakar, the nominated new caretaker prime minister of Pakistan, is a political figure from Balochistan and a member of Balochistan Awami Party (BAP).
Kakar was elected to the Senate in 2018 and has been a very active politician from Balochistan.
Simultaneously, he served as parliamentary leader for the Balochistan Awami Party — formed in 2018 — within the Senate.
Anwarul Haq Kakar also worked as chairperson of the Senate Standing Committee on Overseas Pakistanis and Human Resource Development and as a member of the Business Advisory Committee, Finance and Revenue, Foreign Affairs and Science and Technology.