Pakistan PM Finalises 5-Year Plan for Economic Stability

Thu Mar 14 2024
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ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif directed relevant authorities on Thursday to ensure the implementation of all projects aimed at stabilizing the national economy.

Chairing a high-level meeting in Islamabad to review the 5-year economic roadmap for the country’s development, the premier emphasized the importance of reducing inflation, alleviating poverty, and creating employment opportunities.

During the meeting, a comprehensive economic roadmap for the next five years was presented, with a focus on consulting stakeholders from various sectors for effective implementation.

PM Shehbaz Sharif stressed the need for prioritizing action to develop agriculture, livestock, technology, foreign investment, and both small and large-scale industries.

Expressing confidence in stabilizing the economy and fostering development over the next five years, the Prime Minister affirmed the government’s commitment to prudent spending and the avoidance of wastage of public funds.

Highlighting the significance of modernization and innovation, particularly in agriculture, PM Shehbaz Sharif emphasized that such measures would enhance revenues and per-acre yield. He also underscored the prioritization of privatizing loss-making State-Owned Enterprises.

PM Shehbaz Sharif instructed officials to formulate a comprehensive plan in consultation with all stakeholders to drive economic development.

The meeting also included briefings on measures related to power, agriculture, livestock, exports, small and medium-scale industries, taxation, information technology, investment, and privatization.

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