Islamabad, In a decisive move to accelerate economic reform and foster development, Prime Minister Shehbaz Sharif has established several Cabinet Committees targeting key sectors such as energy, Chinese investment, and privatization. These committees are designed to streamline processes, enhance foreign investment, and scrutinize legislative matters to bolster Pakistan’s economic framework.
According to Ministry of Information and Broadcasting, Prime Minister Sharif will lead these committees, incorporating ministers from Economic Affairs, Finance, Petroleum, Planning, Development and Special Initiatives, and Power. The formation of these committees signifies a strategic approach to address various economic challenges and optimize governance for economic growth.
The Energy Committee is tasked with enhancing the implementation of energy-related projects, particularly those associated with the China-Pakistan Economic Corridor (CPEC), aiming to eliminate hurdles and expedite project completion. Meanwhile, the Chinese Investment Projects Committee will focus on monitoring and facilitating investment projects from Chinese firms, ensuring swift resolution of any issues encountered with government agencies.
Additionally, the Economic Coordination Committee of the Cabinet will periodically assess the nation’s import policies, agricultural growth, and industrial development strategies. The Privatization Committee is charged with overseeing the progress in privatizing state-owned entities, reflecting a commitment to efficient and transparent governance.
The Cabinet Committee on Disposal of Legislative Cases has a critical mandate to ensure that new legislations or amendments align with the constitutional framework, do not contravene existing laws, and fall within parliamentary jurisdiction.
These initiatives represent a comprehensive effort by Prime Minister Sharif’s administration to revitalize Pakistan’s economy, highlighting a commitment to pragmatic and effective economic governance.