Prime Minister Muhammad Shehbaz Sharif on Wednesday chaired a key meeting of the Economic Advisory Council (EAC), where members expressed full confidence in the government’s economic policies and presented recommendations to strengthen Pakistan’s economic growth further.
During the meeting, the Prime Minister revealed that consultations were underway regarding the regulation of digital currencies, signaling the government’s intent to explore emerging financial technologies.
Welcoming the council’s recommendations, PM Shehbaz directed relevant authorities to collaborate with EAC members to develop a comprehensive action plan based on their suggestions. He emphasized that economic stability is a collective effort, achieved through teamwork rather than individual contributions.
Reiterating his commitment to sustainable economic development, the Prime Minister highlighted the government’s focus on fully utilizing regional trade potential and enhancing the competitiveness of local industries in international markets.
PM Shehbaz outlined the government’s top priorities, which include:
- Strengthening industry, agriculture, and IT development.
- Creating jobs and increasing exports.
- Establishing green data centers to support digital transformation.
- Improving telecommunication services and expanding internet access to remote areas to boost freelancing and IT exports.
- He stressed the importance of turning the meeting’s constructive discussions into actionable plans to achieve tangible results.
Participants of the meeting acknowledged that Pakistan’s economy is stabilizing and progressing toward growth. They noted that price stability has led to increased production, and the government’s economic team has defied earlier projections by delivering positive results.
For the first time, global economic institutions, the business community, and investors are united in recognizing the government’s action plan, they said.
The participants commended the Prime Minister for his commitment to implementing institutional reforms, which they described as unprecedented in Pakistan’s history. They highlighted improvements in the tax system, regulatory ease, and the creation of a business- and investor-friendly environment as key contributors to growth across major sectors.
The participants also noted that the reduction in smuggling has contributed to increased exports, while the government’s open-door policy has provided the business community with easy access to the economic team. Regular consultations between the government and stakeholders were praised as a positive step toward fostering economic growth.
The meeting was attended by prominent figures, including Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed. Federal Ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Mohammad Aurangzeb, Minister of State Ali Pervez Malik, the Prime Minister’s Coordinator Rana Ehsan Afzal, and other senior officials were also present.
