The responsible authorities have been instructed by Prime Minister Shehbaz Sharif to immediately draft an action plan to boost the country’s economy.
While presiding over a meeting in Islamabad to discuss measures for the nation’s economic restoration and progress, he issued these directives.
He said that his administration will seek to strengthen the nation’s economy, encourage foreign investment, and support the business community. He declared that his administration’s top goal is economic restoration and that swift action is required to solve severe economic issues.
He emphasized how crucial it is to give investors and entrepreneurs the tools and resources they need in order to create an atmosphere that is favorable to business.
The prime minister reaffirmed the government’s commitment to lowering red tape and fostering a climate that is supportive.
To further talks on the Extended Fund Facility (EFF), the prime minister also ordered urgent interaction with the International Monetary Fund (IMF).
The government’s commitment to obtaining outside assistance to strengthen the nation’s economic resilience is demonstrated by this endeavor.
The Finance Secretary provided Shehbaz Sharif with an in-depth briefing on the present status of the country’s economy during the meeting. During the briefing, topics of discussion included important economic indicators, difficulties, and possible ways to promote economic recovery.
In keeping with the government’s proactive efforts to reduce financial burdens on taxpayers and boost economic activity, the Federal Board of Revenue also cleared tax refunds of 65 billion rupees at the event.
To further improve service delivery and minimize line losses, guidelines were also issued to hasten the switch to smart metering in the gas and power industries.
At the end of the discussion, a commitment was made to continue the conversation and work together with stakeholders from all sectors in order to map out a course for sustainable economic growth and prosperity.
In addition, the gathering was attended by luminaries like as Senator Masood Malik and National Assembly members Ata Tarar, Shiza Fatima, Rominah Khurshid, Ahad Cheema, and Jehanzib Khan.
