PM Shehbaz seeks input from business community as he stresses export-led growth
Prime Minister Shehbaz Sharif on Tuesday sought recommendations from industrialists and businesspeople on how to increase export-led growth in the country. “Whatever growth we have to achieve, it has to be export-led growth, period,” the premier remarked while addressing a meeting with prominent leaders of the business community. He added that any other kind of growth had “no meaning” and…
On Tuesday, Prime Minister Shehbaz Sharif reached out to the business community to discuss methods for boosting export-driven growth in Pakistan. He reiterated that any economic growth must be export-led, stating that other types of growth held "no meaning." The meeting aimed to address export challenges and solutions, such as special tax relief for exporters.
Earlier this year, the government held numerous consultations with the business community to bring about structural reforms, resulting in the recovery of Rs800 billion in one year without new taxes. PM Shehbaz emphasized the importance of teamwork between the government and the business community. In July, Planning Minister Ahsan Iqbal stated that the government aimed for sustainable economic growth of at least 6pc, achieved through diversifying exportable products and market portfolios.
Finance Minister Muhammad Aurangzeb highlighted the government's focus on building an ecosystem to support sustainable growth led by the private sector and export-driven. The recent launch of export insurance coverage by the Export Development Fund (EDF) and the Export-Import Bank of Pakistan was welcomed by PM Shehbaz, as it would help SMEs expand their exports and bolster the national economy.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
