ISLAMABAD, Oct 23 (APP) — Prime Minister Shehbaz Sharif has ordered all federal ministries to review their policies and prepare new strategies with experts and business leaders. The goal is to ensure inclusive and sustainable industrial growth in Pakistan.
Focus on business reforms and investment
During a high-level meeting with major business representatives, the prime minister reviewed proposals to revive industries and attract new investment. The discussion also covered steps to strengthen the national economy, according to the Prime Minister’s Office.
Shehbaz Sharif said helping the business community was a top government priority. He promised to remove barriers for investors and simplify business procedures.
Government aims to attract local and foreign investors
“The government welcomes both domestic and foreign investors,” he said. “Creating a friendly environment for new ventures remains our main objective.”
He explained that expanding exports, supporting industrial innovation, and promoting public-private partnerships were vital for Pakistan’s economic revival. These measures, he added, would turn recent stability into long-term prosperity.
Building competitiveness and value addition
The prime minister said that improving product competitiveness was central to the Pakistan industrial growth strategy. He added that the government was focusing on attracting foreign direct investment, especially in manufacturing and production.
He assured business leaders that ministries were converting macroeconomic gains into welfare-driven outcomes. According to him, policy continuity and coordination between institutions are essential for sustained growth.
Ministries told to cut costs and boost exports
“The government is taking concrete steps to attract foreign capital and support local industries,” Shehbaz Sharif said. “Our aim is to reduce production costs and enhance export competitiveness.”
He directed ministries to identify new trade opportunities and work closely with the private sector. These steps, he noted, would strengthen the industrial base and diversify exports.
Broad participation from key ministries
Business representatives praised the government’s ongoing economic reforms. They said that stable policies and consistent facilitation could make Pakistan a more attractive investment destination.
The meeting was attended by Finance Minister Muhammad Aurangzeb, Energy Minister Sardar Owais Ahmad Khan Leghari, Economic Affairs Minister Ahad Khan Cheema, Railways Minister Hanif Abbasi, Information Minister Attaullah Tarar, Commerce Minister Jam Kamal, National Food Security Minister Rana Tanveer Hussain, IT Minister Shaza Fatima Khawaja, Minister of State for Finance Bilal Azhar Kayani, and other senior officials.
This report was originally published by the Associated Press of Pakistan.