Prime Minister Muhammad Shehbaz Sharif on Wednesday chaired a crucial meeting of the Economic Advisory Council (EAC), where members expressed their full confidence in the government’s economic policies. They also presented key recommendations aimed at further strengthening Pakistan’s economic growth.
Consultations on Digital Currency Regulation Underway
During the meeting, PM Shehbaz Sharif revealed that discussions were ongoing regarding the regulation of digital currencies in Pakistan.
Formation of a Comprehensive Economic Action Plan
Welcoming the council’s recommendations, PM Shehbaz directed relevant authorities to collaborate with council members to develop a comprehensive action plan based on their suggestions. He stressed that economic stability is the result of collective efforts rather than individual actions.
READ MORE: Boost Your Signal: 8 Simple Fixes for Weak Mobile Phone Reception
Focus on Regional Trade, Industry, and IT Development
Reiterating his commitment to sustainable economic development, the Prime Minister emphasized fully utilizing regional trade opportunities. He also highlighted ongoing efforts to enhance the competitiveness of local industries in the global market.
“Our top priorities include industry, agriculture, IT development, job creation, and increasing exports,” he stated. Additionally, he announced plans to establish green data centers in Pakistan.
Enhancing Telecommunication & Internet Access
PM Shehbaz also emphasized efforts to improve telecommunication services and expand internet access to remote areas. He noted that this initiative would help boost freelancing opportunities and IT exports.
Acknowledgment of Economic Stability and Institutional Reforms
The Economic Advisory Council members commended the government’s economic team, stating that Pakistan’s economy is stable and progressing toward growth. They attributed price stability to increased production and praised the government’s institutional reforms, calling them unprecedented in Pakistan’s history.
For the first time, global economic institutions, investors, and the business community are aligned in recognizing the government’s economic action plan. The participants also acknowledged improvements in the tax system, regulatory ease, and the creation of a business-friendly environment, all of which have contributed to economic growth.
Reduction in Smuggling and Business Community’s Engagement
The council noted that the reduction in smuggling has positively impacted exports. They also praised the government for ensuring easy access for the business community to the economic team through regular consultations.
Key Attendees of the Meeting
The meeting was attended by prominent business leaders and policymakers, including Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed. Federal Ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Mohammad Aurangzeb, and Minister of State Ali Pervez Malik also participated, along with senior government officials.
