ISLAMABAD - The apex committee of Special Investment Facilitation Council (SIFC) on Wednesday reviewed major macro-economic issues affecting the investment climate including inordinate delays in restructuring/ privatisation of cash bleeding state owned enterprises (SOEs).
The committee also resolved with consensus on fast-tracking the privatisation process and hence, in the larger interest of the country, reduce recurring losses to the national exchequer.
The SIFC convened 6th meeting of its apex committee to review various initiatives being spearheaded through the SIFC forum. The meeting was chaired by Caretaker Prime Minister Anwaar-ul-Haq Kakar and was attended by “sensitive” will be heard in-camera and the documents which are to be kept confidential will remain so after consulting with the counsels. The bench had earlier reserved its verdict in the FIA’s application for in-camera proceedings in Imran Khan’s bail petition in the cipher case. In this regard, the FIA Special Prosecutor Shah Khawar urged the court to hold in-camera hearing of the case as an open court hearing could harm Pakistan’s diplomatic ties with other states. During the last hearing, Justice Aamer had asked that if the bail plea could be heard in-camera. At this, the FIA prosecutor informed the court that under the Official Secrets Act, a trial cannot be made public. He added that they would move a similar plea in the trial court as well. Shah Khawar asserted that there are some statements and information that cannot be made public. He further said that they also have to place statements related to other countries before the court and sharing such information in an open court can affect Pakistan’s diplomatic relations with the other countries. At this, the IHC CJ observed that when the court would write its verdict on the bail plea it would be made public so why should the hearing be held in-camera? Then, the bench asked about the SoPs for handling a cipher.