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Prime Minister Muhammad Shehbaz Sharif presided over a pivotal meeting of the Economic Advisory Council on Wednesday, where council members reaffirmed their trust in the government’s economic strategy and proposed key measures to drive sustainable growth in Pakistan’s economy.
During the session, the premier disclosed that discussions were in progress regarding the regulatory framework for digital currencies. He also instructed officials to develop a comprehensive action plan that substantiates the proposed recommendations through stakeholder partnership.
The prime minister emphasised that stable economies are the result of cooperative work, rather than individual accomplishments. Reaffirming his dedication to long-term economic progress, he underscored the significance of maximizing regional trade potential.
Additionally, the prime minister announced strategies to increase the export volumes of local industries, which would in turn make them more competitive in global markets through increased exports.
“Industry, agriculture, IT development, job creation, and increasing exports are among the government’s top priorities,” he said, adding that steps are being taken to establish green data centers in the country.
The strategy also includes telecommunications infrastructure development as well as access extension into distant places to create an atmosphere that promotes freelancers and drives IT industry export growth. PM Shehbaz emphasised that it was critical to turn the meeting’s constructive discussion into concrete policy initiatives.
Meeting attendees acknowledged the stability of Pakistan’s economy and its trajectory toward growth, noting that price stability has bolstered production. The government’s economic team was praised for exceeding original estimates, and financial institutions, investors, and business leaders recognise Pakistan’s economic framework on a global scale.
The business community emphasised that economic development expanded throughout the industry as a result of improved taxes legislation, streamlined regulations, and a pro-business environment.
Business leaders now communicate routinely with the government’s economic team through direct channels, allowing for continual business-government engagement. Another good factor contributing to Pakistan’s rising export levels has been the decline in smuggling activity.
Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed were among the prominent business leaders who attended the meeting. Minister of State Ali Pervez Malik, the Prime Minister’s Coordinator Rana Ehsan Afzal, and other senior officials were also present, in addition to Federal Ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, and Mohammad Aurangzeb.
