Umar Asks BoI To Take Baluchitan Government Into Confidence On FDI
Fahad Shabbir (@FahadShabbir) Published March 25, 2019 | 09:27 PM
Finance Minister Asad Umar has directed the Board of Investment and Ministry of Petroleum to expedite consultation with the government of Baluchistan for the development of mining sector in collaboration with foreign investors
Islamabad (UrduPoint / Pakistan Point News - 25th March, 2019) Finance Minister Asad Umar has directed the board of Investment and Ministry of Petroleum to expedite consultation with the government of Baluchistan for the development of mining sector in collaboration with foreign investors.He was chairing the meeting of the Steering Committee of Economic Pillar of Saudi-Pakistani Supreme Coordination Council (SPSCC), which was held here on Monday to review and discuss the progress on implementation of Memoranda of Understanding (MoUs), signed during the visit of Saudi Crown Prince, Mohammed Bin Salman to Pakistan in mid February this year , on oil, alternate energy and minerals and mines.
The meeting took various decisions in order to implement the MoUs on fast track basis.The concerned Ministries were directed to appoint dedicated focal person for enhanced coordination among Ministries and Provincial Governments so that the agreed measures could be implemented in a more efficient and swift manner.
The Secretaries of Petroleum & Power apprised the meeting of the progressmade on the MoUs signed with the Saudi side during the high level visit.Ministry of Petroleum would provide all possible assistance to the provincial government in this regard.The meeting decided that the economic pillar of SPSCC would be hosted by Board of Investment (BoI) and the Board would help in expediting the implementation process of the MoUs.
The Board would review the implementation status of MoUs in the first week of each month. The Committee will meet after two weeks to discuss and review the proposals to be submitted by the respective ministries.
Related Topics
Recent Stories
At least 10 people killed in Brazil fire: officials
Shahzaib Rind calls on Deputy Speaker Balochistan
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-le ..
DC Tharparkar inaugurates anti-polio campaign
HDA Mehran workers demand salaries
Taxila police nab motorcycle lifter gang
Inter-university weightlifting championship kicks off at SAU
Walk held in a series of enrollment campaigns
Team from Gaza mediator Egypt arrives in Israel for truce talks
Kids murders: IHC orders psychiatric examination of mother
Health minister credits PML-N for advancements in organ transplantation
Court grants interim bail to Azam Swati in cyber crime case
More Stories From Pakistan
-
DC Tharparkar inaugurates anti-polio campaign
3 minutes ago -
HDA Mehran workers demand salaries
9 minutes ago -
Taxila police nab motorcycle lifter gang
7 minutes ago -
Walk held in a series of enrollment campaigns
7 minutes ago -
Kids murders: IHC orders psychiatric examination of mother
7 minutes ago -
Health minister credits PML-N for advancements in organ transplantation
6 minutes ago
-
Court grants interim bail to Azam Swati in cyber crime case
6 minutes ago -
Commissioner chairs meeting of divisional task force for polio
6 minutes ago -
Abuser boy arrested in Taxila
6 minutes ago -
Drugs peddler gets 9 years imprisonment
2 minutes ago -
03 youngsters killed after tractor trolley runs over motorcycle
2 minutes ago -
Climate change poses severe threats to Pakistan, Balochistan: Samina Zehri
2 minutes ago