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Home Budget

Digitisation, SOEs’ Privatisation Among Govt’s Priority Measures for Economic Revival – Pakistan Premier

admin-augaf by admin-augaf
July 9, 2024
in Budget, Business, News
Reading Time: 2 mins read
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A view of Pakistan Steel Mill

A view of Pakistan Steel Mill

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Islamabad July 9 2024: Pakistan’s Prime Minister Shehbaz Sharif on Tuesday said that the government was taking effective measures for economic revival by carrying out the digitisation of the economy including the Federal Board of Revenue (FBR), and privatisation of the State Owned Enterprises (SOEs).

The prime minister, in a meeting with a delegation led by British Educationist and former Head of British Prime Minister’s Delivery Unit Sir Michael Bayldon Barber, said the decades-old ties between Pakistan and the United Kingdom were getting stronger with the passage of time.

He said that Pakistan greatly values its relations with the UK as being a valued partner, the UK was assisting Pakistan in multiple sectors for which the government was grateful to them.

The prime minister reiterated the resolve to further strengthen the bilateral relation.

He told the delegation that the government was pursuing a policy of downsizing and abolishing the low-performing entities to reduce its expenditures.

The prime minister said that the government was taking measures to boost exports and tax base as the country had immense potential for exports related to information technology and agriculture.

During the briefing, the delegation members were told that a task management system had been established to examine the performance of the federal ministries.

Sir Michael Barber appreciated the government’s economic revival plan and said that it was moving in the right direction in its endevpurs for economic reforms.

The delegation head expressed the hope that under the prime minister’s leadership, Pakistan would soon get rid of economic challenges and assured the UK’s cooperation in all sectors.

Federal ministers Ahad Khan Cheema, Muhammad Aurangzeb and Rana Tanveer Hussain, Minister of State Shaza Fatima Khawaja, PM’s Coordinator Rana Ehsan Afzal, Deputy Chairman of Planning Commission Jahanzeb Khan and relevant senior officers attended the meeting.

Tags: DigitilizationGDP GrowthPrivitization
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