PM Meets Industrialists to Boost Business and Investment
A delegation of prominent industrialists and business figures of the country met with Prime Minister Muhammad Shehbaz Sharif,in which detailed discussions were held on the promotion of the country’s economy, industry and business, increase in investment and solutions to the problems faced by the business community.
Talking to the delegation, the Prime Minister said that the Government of Pakistan is working on a priority basis to promote industry and business in the country.
Terming the business community and industrialists as the backbone of the country’s economy, he said that solving their problems is the top priority of the government.
Government measures to promote investment and business
The Prime Minister said that the government is making every effort to implement investor-friendly policies.
In this regard, a special Investment Facilitation Council has been established, which is providing a convenient platform to investors and the business community, where all facilities will be available under one-window operation.
He said that the major work of digitization of the Federal Board of Revenue (FBR) has been completed, in which transparency has been promoted through the faceless customs assessment system.
Improvement in the economy and foreign direct investment
The Prime Minister said that as a result of the efforts of the government’s economic team, the country’s macroeconomic conditions have improved, however, more work needs to be done at the microeconomic level so that the people can get economic benefits.
He added that significant progress has been made in foreign direct investment and in this regard, the government is giving priority to those sectors that increase exports.
Referring to his visits to Azerbaijan and Uzbekistan, he said that several investment agreements have been signed in Pakistan there, which is a manifestation of the confidence of foreign investors in Pakistan.
Sustainable Development Goals and Formation of Committee
The Prime Minister said that the government is working to achieve the Sustainable Development Goals and termed increasing the growth rate through exports as the best strategy.
He announced the formation of a high-level committee,
which will include the business community and government ministers. This committee will submit proposals to the government within two weeks to achieve sustainable growth rates.
Delegation praises government policies
The business delegation appreciated the government’s economic policies, improvement in economic indicators, measures to prevent smuggling and implementation of the customs assessment system. The participants also praised the government’s privatization and deregulation policy.
Important personalities participating in the meeting
Federal Minister for Planning Ahsan Iqbal, Federal Minister for Industries and Production Rana Tanveer Hussain, Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Finance and Revenue Muhammad Aurangzeb, Federal Minister Ali Pervez Malik, Prime Minister’s Coordinator Rana Ehsan Afzal and other senior government officials were also present on the occasion.
