PM Shehbaz Promises Investor-Friendly Policies
While speaking to prominent businessmen and industrialists in Islamabad, PM Shehbaz said that the government is actively working to implement business-friendly and investor-friendly policies in the nation.
The prime minister said the Special Investment Facilitation Council has given investors and the business community a straightforward platform where services are offered through a single point of contact.
Since the Faceless Customs Assessment System has encouraged openness, he said that significant work has been done on the digitalization of the Federal Board of Revenue.
Reduction in policy rate to boost business activities: PM Shehbaz
PM Shehbaz said the country’s macroeconomic conditions have significantly improved due to the efforts of the government’s economic team. He, however, stressed the need to work hard to bring further improvements at the microeconomic level to pass on dividends of economic improvement to the people.
PM Shehbaz said the government is striving hard to achieve sustainable development goals. He added that in the past year, there has been significant progress in terms of foreign direct investment in the country. He said the government’s priority regarding foreign direct investment is in sectors that will boost the country’s exports through investment.
Talking about his recent visits to Azerbaijan and Uzbekistan, Shehbaz Sharif said several agreements to bring investment to Pakistan were signed during these tours, which is a manifestation of the confidence of foreign investors in the country’s economy.
On this occasion, the Prime Minister sought suggestions from businessmen and industrialists to ensure sustainable progress in the country’s growth rate. He also directed to constitution of a committee comprising businessmen, industrialists, and government ministers in this regard.
This committee will give suggestions to the government regarding achieving a sustainable growth rate within two weeks.
On their part, the participants appreciated the effective measures taken by the Federal Board of Revenue (FBR) and other government agencies to prevent smuggling and also praised the government’s privatization and deregulation policy.
Mutib Khalid is a skilled content writer and digital marketer with a knack for crafting compelling narratives and optimizing digital strategies. Excel in creating engaging content that drives results and enhances online presence. Passionate about blending creativity with data-driven approaches, Mutib Khalid helps brands connect with their audience and achieve their goals.
