Islamabad: Prime Minister Shehbaz Sharif has said the upcoming budget will include measures aimed at providing relief to the public. He was talking to a delegation of leading industrialists and prominent businessmen who called on him in Islamabad. The Prime Minister emphasized that a strong partnership between the government and the private sector is crucial for economic growth, and consultation with the business community is essential in formulating policies related to Pakistan's economy.
According to Radio Pakistan, the Prime Minister highlighted that the government is pursuing an export-led growth strategy, which remains the central pillar of the country's economic policy. Efforts are being made to incorporate the informal economy into the tax net. He noted that business-friendly policies have helped stabilize the economy and restore the confidence of foreign investors. The government is also working to promote industries that enhance domestic production, boost exports, and create employment opportunities.
The Prime Minister stressed that progress in the industrial, agricultural, and information technology sectors would further strengthen the economy and generate new job opportunities. He announced the launch of technical and vocational training programs for the youth to facilitate employment and enable them to contribute meaningfully to national development.
During the briefing, participants were informed about reforms introduced in tax tribunals to ensure the swift disposal of tax cases, with appointments made through a highly transparent process. A committee has been formed to explore the establishment of Special Commercial Courts. Infrastructure projects such as the upgradation of Motorway M-10 and the Pipri Freight Corridor are underway to improve inland connectivity from Karachi's ports, while the construction of Motorway M-13 Kharian-Rawalpindi aims to reduce travel time between Lahore and Islamabad.
The delegation praised the Prime Minister and his team for their diplomatic efforts aimed at promoting peace and stability in the region. Business leaders expressed confidence in the country's economic recovery and improved fiscal management under the Prime Minister's leadership. They thanked him for steering the economy in the right direction and creating a conducive environment for business and investment.
The delegation lauded the government's vision for promoting digital payments and a documented economy, while welcoming tax reforms and measures aimed at improving the ease of doing business. Participants appreciated the government's decision to involve the business community in preparing the upcoming budget. Business leaders presented their proposals regarding the national economy and the budget, reaffirming their commitment to fully cooperating with the government for economic recovery and growth.