Pakistan’s Economy Strengthens with New Reforms – PM
Prime Minister Muhammad Shehbaz Sharif chaired a key meeting of the Economic Advisory Council (EAC) on Wednesday, where members expressed full confidence in the government’s economic policies and proposed strategic recommendations to accelerate Pakistan’s economic growth.
During the meeting, PM Shehbaz revealed that consultations are ongoing regarding the regulation of digital currencies in Pakistan. He emphasized the need for a well-structured policy framework to ensure economic security, transparency, and innovation in the financial sector.
Economic Stability Through Policy Reforms
Welcoming the council’s recommendations, the prime minister directed relevant authorities to collaborate with EAC members in developing a comprehensive action plan based on their insights. He stressed that economic stability is a collective effort, requiring contributions from policymakers, industry leaders, and financial experts.
PM Shehbaz reiterated his government’s commitment to sustainable economic development, stating that regional trade opportunities would be fully utilized to boost economic growth. He also highlighted efforts to enhance local industries, enabling them to compete in international markets through increased exports.
Focus on Key Economic Sectors
The prime minister outlined the government’s priorities, which include:
- Strengthening industry, agriculture, and IT development
- Creating more jobs to support economic expansion
- Increasing exports through trade facilitation
- Establishing green data centres to support Pakistan’s digital transformation
Additionally, he announced ongoing efforts to enhance telecommunication services and expand internet access to remote areas. This initiative aims to support freelancers, boost IT exports, and integrate Pakistan into the global digital economy.
Pakistan’s Economic Progress & Business-Friendly Reforms
Participants at the meeting acknowledged that Pakistan’s economy is stabilizing and moving toward sustainable growth, citing price stability and increased production as key indicators. They commended the government’s economic team for defying negative projections and gaining recognition from global financial institutions, business leaders, and investors.
The attendees also praised PM Shehbaz’s commitment to institutional reforms, which they claimed were unprecedented in Pakistan’s history. They highlighted significant improvements in:
- Tax system reforms
- Ease of doing business
- Investor-friendly policies
- Reduced smuggling, leading to higher export volumes
For the first time in Pakistan’s history, they noted, the business community has direct access to the government’s economic team, with regular consultations taking place to ensure policy alignment.
Key Attendees
The meeting was attended by prominent business and government leaders, including Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, Salman Ahmed, and several federal ministers and senior officials.
