PM Shehbaz urges shift from economic stabilisation to growth, job creation and export promotion
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday stressed the need to focus on sustainable economic growth, job creation and export promotion, saying the country had successfully restored macroeconomic stability through a collaborative effort. Addressing the gong ceremony in Karachi virtually to celebrate the listing of the Naya Nazimabad Apartment REIT scheme, the prime minister lauded the…
Prime Minister Shehbaz Sharif urged the nation to shift focus from economic stabilisation to growth, job creation, and export promotion. The country had previously achieved macroeconomic stability through collaborative efforts between federal and provincial governments, financial institutions, and the military leadership. Key economic indicators, such as the successful issuance of a $3 billion Eurobond and increased foreign exchange reserves, reflected the positive developments.
The prime minister also highlighted the robust growth of foreign remittances and IT exports, as well as the performance of the Roshan Digital Account. He called for further modernisation of the stock exchange and capital markets, building on the success of real estate and industrial initiatives led by business leaders. The prime minister expressed concern over industries that received substantial subsidies and protection, urging an honest approach prioritising national interest over personal gains.
Finance Minister Muhammad Aurangzeb noted the growing momentum of private-sector participation, with Rs60bn disbursed in housing loans, and praised the country's resurgence in international capital markets.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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