Government Backs Businesses for Export Growth

In a recent statement, Prime Minister Shehbaz Sharif emphasized the government’s commitment to supporting the business community to boost investment and exports. To achieve this, the government has established the Special Investment Facilitation Council (SIFC), a high-level body comprising all provincial chief ministers, chief secretaries, and the army chief. The SIFC aims to streamline investment processes and attract foreign direct investment (FDI) to targeted levels, enhancing the country’s economic growth.

Prime Minister Muhammad Shehbaz Sharif assured full government support to the business community to attract investment and boost exports, aiming for sustainable economic growth. He stressed the need for a long-term investment plan and mentioned a committee working on an export facilitation scheme. The Prime Minister highlighted the economic stability achieved through the efforts of his team and emphasized that resolving business community issues was a top priority.

He noted the positive impact of reforms, including the digitalization of the Federal Board of Revenue (FBR) and the Faceless Customs Clearance System, which improved business operations. Additionally, the government was prioritizing youth training to create a skilled workforce for industries.

Business leaders praised the Prime Minister’s economic team for stabilizing the economy and generating income through new revenue sources. They also commended initiatives like the Uraan Pakistan program and efforts to equip youth with professional skills. The Prime Minister directed relevant ministries to engage with business leaders and develop a policy strategy based on their suggestions.