Arif Habib Urges PM Shehbaz for Diplomatic Gestures

Pakistan's business magnate Arif Habib has urged Prime Minister Shehbaz Sharif to prioritize improving relations with neighboring countries, including India, and to extend a handshake to political rival Imran Khan, who is currently in Adiala Jail. Habib emphasized the positive impact of diplomatic gestures, citing the Prime Minister's previous handshake with the IMF managing director, which coincided with a significant boost in the Karachi Stock Exchange (KSE-100) index.

Highlighting the potential for economic growth, Habib recommended further handshakes with India and a gesture towards reconciliation with Imran Khan. He underscored the importance of fostering better relations with all neighbors, especially in light of recent developments such as the Iranian president's visit.

Addressing economic challenges, Habib outlined key areas for improvement, including reducing inflation rates, lowering energy costs, and streamlining taxation. He proposed a reduction in interest rates to stimulate government savings, which could then be passed on to businesses through tax cuts, ultimately enhancing economic sentiment.

Furthermore, Habib expressed the business community's commitment to participating in the government's privatization initiatives, aligning with PM Shehbaz's emphasis on transparency and efficiency in the privatization process.

During his visit to Karachi, PM Shehbaz reaffirmed the government's support for the business sector, acknowledging its pivotal role in the economy. He assured Sindh Chief Minister Murad Ali Shah of continued federal assistance, underscoring the government's commitment to collaboration and responsive governance.

In conclusion, Arif Habib's recommendations underscore the significance of diplomatic engagement and economic reforms in driving Pakistan's growth trajectory. PM Shehbaz's engagement with stakeholders and commitment to transparent governance signal a proactive approach towards economic revitalization and regional cooperation.