TO BE PUBLISHED IN THE GAZETTE OF PAKISTAN EXTRAORDINARY
GOWRNMENT OF PAKISTAN
CABINET SECRETARIAT
CABINET DIVISION
Islamabad, the 27th May, 2024
NOTIFICATION
No.F.5/3/2024-Com.- The Prime Minister, in terms of rule 17(2) of the Rules
of Business, 1973, has been pleased to constitute the Special Investment Facilitation
Council Cabinet Committee (SIFC-CC), as follows:
1. The Prime Minister Chairman
2. Minister for Finance Member
3. Minister for Defence/Defence Production Member
4. Minister for Planning, Development & Special Initiatives Member
5. Minister for Information Technology & Telecommunication Member
6. Minister for National Food Security & Research Member
7. Minister for Power Member
8. Minister for Water Resources Member
9. Minister for Law and Justice Member
10. Minister for Board of Investment Member
11. Minister for Industries and Production Member
12. Minister for Petroleum Member
By Special Invitation/Co-Opted:
1. Chief of the Army Staff
2. Provincial Chief Ministers
3. National Coordinator
2. The Terms of Reference (ToRs) of the Committee shall be same as those of
Special Investment Facilitation Council (SIFC), as notified from time to time, in accordance
with the scope of work and functions laid down in section 10(B) and 10(C) of the Board of
Investment Ordinance, 2001 (Annex-I), to the extent of cases lying within the purview of
the Cabinet. Such cases, i.e. those that fall in the purview of the Cabinet within the scope of
the SIFC, shall be presented and disposed of in the SIFC - CC in accordance of the Rules of
Business, 1973.
Contd...P/2
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3. SIFC shall provide Secretarial support to the Committee.
4. The Prime Minister has further been pleased to desire that the decisions of
SIFC- Cabinet Committee shall be placed before the Federal Cabinet for ratification.
(Muhariwia^
r f
A
0eeb U1 I)
SeZuoi fficer
(C^iunet ( tmittees)
The Manager, Ph# 9203016
Printing Corporation of Pakistan Press,
Islamabad
Copy forwarded to:
1. All members of the Cabinet and SIFC-CC, Adnserfs) to the Prime Minister
Ministers of State and Speoal Assistant(s) to the Prime Minister
2. Secretary to the President
3. Secretary to the Prime Minister
4. Printinal S/AddltliiKretan« ’"Charge of Minrstries/Divisions
5. Principal Information Officer, Press Information Department, Islamabad
(Muhai ajq6b UllaW
Officer
(Caj
Annex-I
For furthering the functions of the BOI the Federal
Government may, as and when it considers necessary, issue
directives to the BOI on matters of policy, and such directives shall
be binding on the BOI. If a question arises whether any matter is a
matter of policy or not, the decision of the Federal Government shall
be final.
CHAPTER HA
Special Investment Facilitation Council (SIFC)
10A. Establishment of a Special Investment Facilitation Council.
(1) The Federal Government shall, by notification in the
official gazette, establish a Special Investment Facilitation
Council (SIFC), for carrying out the purposes envisioned
under this Chapter of the Ordinance.
(2) The SIFC shall consist of a Secretary, who shall also
serve as the Principal Accounting Officer, and such members,
as may be notified by the Federal Government, from time to
time.
(3) The President of the SIFC shall be the Prime Minister of
Pakistan.
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(4) The President of the SIFC may co-opt any person as a
member, or may require attendance of any person by special
invitation, as deemed appropriate.
10B. Scope of work of the Special Investment Facilitation
Council, - (1) The SIFC shall facilitate investment and
privatization in areas, including, but not limited to, Defence,
agriculture, infrastructure development, strategic initiatives,
logistics, minerals, information technology,
telecommunication and energy (hereinafter referred to as the
'Relevant Fields'), and shall take all necessary measures in
order to establish, facilitate, encourage and promote
opportunities for investment, as well as, inter alia, business in
and for Pakistan.
(2) The Federal Government may notify any other area,
sector, industry or projects as Relevant Field through a
notification in the official Gazette to be processed under this
Chapter.
(3) The Provincial Government or an entity authorized by the
said Government in this behalf may also refer any sector,
industry or project to SIFC to be processed under this
Chapter.
10C. Functions of the Special Investment Facilitation Council.
(1) Without prejudice to the generality of section 10B, the
SIFC shall, inter alia,:-
(a) act as 'Single Window for multi-domain cooperation in
Relevant Fields with GCC countries, in particular, and
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other countries in general, for facilitation of investment
and development of an enabling policy environment;
(b) recommend approvals, execute commercial
transactions, and/or enter into arrangements and
agreements, directly or indirectly, with local and foreign
investors;
(c) enter into commercial engagements and transact with
governmental as well as corporate entities, for the
purposes envisioned under this Chapter of the Ordinance.
(d) prepare long-term road-map for growth, development
and investment in the 'Relevant Fields', while capitalizing
on fast track initiatives;
(e) enhance awareness of Pakistan's latent potential in the
'Relevant Fields’;
(f) improve ease of doing business by, inter alia, facilitating
timely decision making, avoiding duplication of effort, fast-
uccking investment and projects implementation, etc.;
(g) monitor the progress of investment programs and
projects at all stages and ensure, through inter-agency
and inter-provincial coordination, prompt implementation
and operations thereof;
(h) review investment promotion plans, formulate
institutional arrangements, make transparent and
simplified procedures and guidelines for investment
promotion;
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ffl sa|PudvnLCOmmiSSiOns' exPerl bodies and c- ■■
udy various aspects nr otim «■ . r-..w„,lu,
consultants to
sectors; P S of a,lracting investment ii
in all
encouraginVdXgbulXn7nd°othen< f°r ,nvestment by
unnecessary obstacles in the p^^ssT380^ t0 remove
(,) Ses'Xi;menTihal"' Pr0P0Sa,s a£ We" «
snd recommend where annmn • ? >re sPec*a’ treatment
(mjperform any other function
Government. assigned by the Federal
(2) In order to
procedure or
Government.
10D‘ F°rmation of Committees zn c
provision of this Chapter SlFr J2 F°r ,mPiementation of
'Cementation committee! X C°nStitute execut^ and
