ISLAMABAD, Feb 28 (APP): Prime Minister Muhammad Shehbaz Sharif Friday said that due to efforts of his economic team the macroeconomic conditions in the country had improved significantly, however the government would have to work further to improve conditions at the microeconomic level so that the fruits of economic progress could reach people.
He was speaking here during a meeting with a delegation of prominent industrialists and businessmen of the country.
He said the government was working on priority basis for the promotion of industry and business.
Business community and industrialists were backbone of the country’s economy and it was our top priority to resolve issues facing them.
He said the government was striving for putting in place business and investment friendly policies.
The prime minister said investors and business community was provided an easy and simple platform of Special Investment Facilitation Council where facilities were being provided through a one window operation.
He said major portion of work was completed for digitalization of Federal Board of Revenue, adding Faceless Custom Assessment System had promoted transparency.
He said the government was trying to meet targets of sustainable progress.
Fast progress had been made in the last one year regarding foreign direct investment in the country, he added.
The prime minister said the government was focusing to seek foreign direct investment in those areas which could help enhance exports.
He told that during the visits of Azerbaijan and Uzbekistan numerous agreements were signed for investment in Pakistan which was reflective of the confidence of foreign investors in the national economy.
He said the best way to increase economic growth was by enhancing the country’s exports.
He sought suggestions from the businessmen and industrialists for sustainable economic growth in the country.
The prime minister directed formation of a committee comprising businessmen, industrialists and government ministers for suggesting a path for sustainable economic growth.
The committee would give suggestions to the government within two weeks.
The delegation appreciated the government for its economic policies and for bringing improvement in the economic indicators.
They lauded Federal Board of Revenue and other government departments for taking effective steps to curb smuggling.
They also commended the government for introducing Custom Assessment System and for its policies of privatization and deregulation.
Federal Minister for Planning Ahsan Iqbal, Federal Minister for Industries and Production Rana Tanvir Hussain, Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Finance and Revenue Muhammad Aurangzeb, Federal Minister Ali Pervaiz Malik, Coordinator of Prime Minister Rana Ihsan Afzal and high level officials attended the meeting.