The Chief of Army Staff (COAS) will be a member of the government’s Special Investment Facilitation Council (SIFC) tasked to find untapped potential and attract foreign investment during the economic crisis.

The military will play a key role in SIFC as a coordinator and Army Chief will be the member of SIFC, Arab News has reported.
Pakistan is facing one of its worst economic crisis due to delay in securing funding from the International Monetary Fund (IMF) while inflation reached historic highs.

“Employing a whole-of-the-the-government approach, the coalition government has decided to set up a Special Investment Facilitation Council (SIFC) with a mandate to frame economic policies that ensure policy predictability, continuity & effective implementation to revive the economy,” Prime Minister Shehbaz Sharif said on Twitter.

The main purpose of the plan is utilizing Pakistan’s untapped potential in major industries including energy, minerals and mining, agriculture and livestock, IT and defense production through both domestic development and foreign investments.
The military will have a significant presence in SIFC, with the army chief as a member of its apex committee. The director general of the body’s implementation committee will also be an army official.
Shehbaz Sharif said that the key goal of SIFC is attracting investment from friendly countries. He further added that “collective wisdom” is essential to tackle economic challenges.