To address the country’s economic problems, Prime Minister Shehbaz Sharif has issued a rallying cry for decisive action. The Prime Minister has outlined a comprehensive plan to drive the country toward economic revival, emphasizing a dual approach of policy change and leveraging the country’s enormous natural and agricultural resources.
Under the PM’s instruction, important efforts include boosting the Tax to GDP ratio, combating smuggling and electricity theft, and defending state-owned firms from losses through efficient management and potential privatization.
This strategy is centered on accelerating efforts to stimulate economic recovery through the Special Investment Facilitation Council (SIFC). This council, directed by the Prime Minister, seeks to expedite investment processes and provide a favorable environment for corporate growth.Furthermore, the PM has directed the Petroleum Division to increase gas exploration and production in conformity with the strict guidelines stated in the tight gas strategy. This program not only aims to increase domestic energy reserves, but it also stimulates investment in undersea oil and gas reserves, which boosts economic activity and job creation.
