Mohsin Siddiqui (Chief Reporter)
Pakistan’s economy, Prime Minister Shahbaz Sharif announced that the upcoming budget will provide additional facilities to foreign investors and the business community. This decision was made during the first meeting of the Economic Advisory Council (EAC) on Tuesday, where the prime minister emphasized the importance of consulting economic experts and the private sector in shaping the country’s economic policies and reforms.
The meeting delved into a detailed discussion on Pakistan’s economic situation, with the prime minister highlighting that the country’s economic condition has improved compared to the past. He reiterated the government’s commitment to supporting the private sector, stating, “We are working on a mission to facilitate the private sector from day one for the country’s economic development, employment generation, and expansion of business and investment.”
The prime minister attributed the decreasing rate of inflation to government policies and assured that steps are being taken to ensure the benefits of this reduction reach the common man. He also noted that the positive trend in the stock market reflects the confidence of the business community and investors in government policies.
The meeting was informed that the government’s investment and business-friendly policies have boosted the confidence of local and international investors, evident in the bullish trend in the stock market. Economic indicators revealed a significant growth rate in the agricultural sector (6.25 percent) and industrial and service sectors. Inflation has decreased from 38 percent to 17 percent, with efforts underway to pass on its impact to the common man.
Council members presented suggestions for economic revival and sector-specific recommendations, with the prime minister directing the preparation of comprehensive recommendations to increase the country’s exports.
Attendees included council members Jahangir Khan Tareen, Saqib Shirazi, Shahzad Saleem, Musadaq Zulqarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, Salman Ahmed, and Shehryar Chishti, along with federal ministers, the Deputy Chairman of the Planning Commission, the Governor of the State Bank of Pakistan, and senior officials.
