Manzar Naqvi
KARACHI: Prime Minister Muhammad Shehbaz Sharif on Thursday renewed his government’s commitment to creating an investment-friendly environment and reducing barriers to business as part of a strategy to ensure inclusive and sustainable economic growth.
Chairing an extensive meeting with leading industrialists and business leaders, the prime minister said the government was determined to transform recent macroeconomic stability into broad-based prosperity. “The federal government equally encourages both domestic and foreign investors, and resolving obstacles to new business ventures remains among our top priorities,” he said.
The meeting focused on measures to cut industrial production costs, enhance competitiveness in regional and global markets, and expand Pakistan’s export base. Business representatives emphasized that long-term policy consistency and simplified procedures could make Pakistan a far more attractive investment destination.
Shehbaz Sharif underscored the centrality of exports and industrial expansion in achieving durable economic progress. He said steps were being taken to attract foreign direct investment (FDI), particularly in manufacturing and production, while also strengthening domestic industries. “We must make our products globally competitive and ensure that recent economic gains are converted into tangible outcomes for the people,” he added.
Economic experts noted that Pakistan stands at a critical economic juncture, with falling inflation and lower policy rates creating a window for reforms. They stressed that structural changes – not temporary measures – are essential to sustain growth after the current International Monetary Fund (IMF) program.
The prime minister’s meeting was attended by key members of the federal cabinet, including Finance Minister Muhammad Aurangzeb, Commerce Minister Jam Kamal Khan and other senior officials. Observers say the government’s engagement with the private sector signals a shift toward reform-driven growth, but its success will depend on timely implementation and policy stability.
