Prime Minister Shehbaz Sharif's Decisive Actions Impact Pakistan's Economy

Web DeskMay 22, 2024 04:02 PMpolitics
  • Cabinet rejects Faizabad sit-in probe report as per Supreme Court's instructions
  • Focus on boosting IT exports and supporting farmers with quality agricultural inputs
  • Economic Advisory Council emphasizes private sector facilitation for economic growth
Prime Minister Shehbaz Sharif's Decisive Actions Impact Pakistan's EconomyImage Credits: nation_pk
Prime Minister Shehbaz Sharif leads significant decisions in a recent Cabinet meeting, focusing on boosting Pakistan's economy, IT exports, and digital transformation. The meeting also addresses the wheat scandal, private sector facilitation, and regional peace efforts.

In a recent Cabinet meeting, Prime Minister Shehbaz Sharif made significant decisions and directives that impact various sectors of Pakistan's economy and governance.

The Cabinet rejected the report on the Faizabad sit-in probe as per the Supreme Court's instructions and passed a condolence resolution for the Iranian President's martyrdom. Prime Minister Sharif reaffirmed Pakistan's commitment to SAARC principles, emphasizing the importance of resolving the Kashmir dispute for regional peace.

Furthermore, the Prime Minister ordered the suspension of four officials from the food security ministry in connection with the wheat scandal and called for boosting IT exports through practical measures.

During the Economic Advisory Council's inaugural meeting chaired by the Prime Minister, the focus was on facilitating the private sector for economic growth, job creation, and business expansion. The government's policies were credited for reducing inflation and improving the economic situation, with positive trends observed in the stock market.

The meeting highlighted plans to attract more foreign investors, reduce taxes for the public, and digitize the economy. Emphasis was placed on supporting farmers with quality agricultural inputs, promoting small and medium industries, and increasing exports.

Prime Minister Sharif also approved the suspension of officials linked to the wheat import scandal and urged actions to enhance IT exports. Measures discussed included improving 4G services, supporting IT exporters, and updating curricula to produce more IT professionals.

The meeting set targets for IT exports and proposed the establishment of the Pakistan Digital Commission to drive innovation and automation in government transactions and various sectors.

Prime Minister Shehbaz Sharif's proactive approach in the recent Cabinet meeting reflects a commitment to addressing key issues affecting Pakistan's economy and governance. The decisions taken aim to promote economic growth, enhance IT exports, and drive digital transformation across sectors, signaling a positive direction for the country's development.

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