ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif wasted no time in taking action upon his assumption of office as the 24th prime minister of Pakistan, here on Monday.
In an extensive inaugural meeting on the economy, convened shortly after his swearing-in ceremony, he issued a series of directives aimed at revitalizing the struggling economy. He approved the engagement of an IMF team and initiated discussions to conclude the ongoing Standby Arrangement while also seeking a new three-year deal with the Fund.
During the meeting, the finance secretary briefed PM Shehbaz Sharif on the current economic challenges facing the nation, emphasizing its critical state both politically and economically. “Improving the country’s economy was the mandate we received… it is our government’s topmost priority,” stated the premier, who instructed the formulation of urgent measures for economic recovery.
He reiterated his government’s strong commitment to enhancing investment opportunities and supporting the business community. Economic revitalization was underscored as the primary focus of his administration, with an urgent call for decisive actions to address economic challenges. He emphasized the importance of providing essential infrastructure and support to entrepreneurs and investors to foster a conducive business environment. The PM also highlighted the government’s determination to streamline bureaucratic processes and create a favorable environment for small and medium-sized enterprises (SMEs).
Discussions during the briefing centered on key economic indicators, challenges, and potential solutions to stimulate economic recovery. Additionally, the announcement of the Federal Board of Revenue’s clearance of tax refunds totaling Rs65 billion reflected the government’s proactive measures to alleviate financial burdens on taxpayers and boost economic activity.
