ISLAMABAD
\nThe All Pakistan Business Forum (APBF) commends the recent economic dialogue hosted by the Embassy of Pakistan in Washington DC, where global financial institutions, corporate representatives, and Pakistan\u2019s economic leadership came together to discuss the country\u2019s economic turnaround.
\nThe dialogue highlighted the crucial role of the private sector in driving Pakistan\u2019s economic future, as emphasized by Finance Minister Senator Muhammad Aurangzeb during his keynote address.
\nThe APBF President Syed Maaz Mahmood agrees with the Finance Minister\u2019s statement that the government\u2019s role is to provide policy frameworks that ensure continuity, while the private sector leads the way in innovation and growth.
\nThis shift, likened to the transformative impact of artificial intelligence, highlights the evolving role of businesses in shaping Pakistan\u2019s economic landscape.
\nHe said that the APBF believes that the government must prioritize dialogue with the private sector and industry stakeholders when formulating policies.
\nAPBF President, Mr. Ibrahim Qureshi, applauds the Finance Minister\u2019s acknowledgment of the private sector\u2019s potential and urges the government to establish a more structured process for regular consultations with businessmen and business forums such as the APBF.<\/p>\n
This collaborative approach is essential for creating an environment conducive to sustainable business growth and attracting global investment.<\/p>\n
He stresses that only through active engagement with the business community can the government develop policies that are both practical and aligned with the needs of the market.
\n\u201cThe private sector is the engine of growth for any economy. Pakistan\u2019s businesses, especially in the IT, manufacturing, and services sectors, have the potential to drive the country\u2019s economic transformation. However, to unlock this potential, it is crucial that policymakers consult with industry leaders and business forums, ensuring that business-friendly policies are developed that support growth and job creation,\u201d Mr. Qureshi stated.
\nThe private sector\u2019s role is particularly important in the context of Pakistan\u2019s growth in sectors such as IT, manufacturing, and services, all of which hold significant potential to boost the economy. To realize this potential, the APBF urges the government to prioritize regular dialogues with business leaders to address concerns such as ease of doing business, regulatory reforms, and access to finance.
\nThe APBF also calls for a renewed focus on infrastructure development, particularly in sectors like technology and digital services, which are vital for long-term growth. A predictable and stable business environment, supported by comprehensive regulatory frameworks, will further encourage investment and foster a competitive business climate.
\nIn conclusion, the APBF advocates for a strong partnership between the public and private sectors. Only through mutual collaboration can Pakistan achieve sustainable economic growth, improve living standards, and solidify its position in the global market. The APBF stands ready to assist the government in creating policies that facilitate growth, reduce barriers to investment, and foster innovation across all industries.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The All Pakistan Business Forum (APBF) commends the recent economic dialogue hosted by the Embassy of Pakistan in Washington DC, where global financial institutions, corporate representatives, and Pakistan\u2019s economic leadership came together to discuss the country\u2019s economic turnaround. The dialogue highlighted the crucial role of the private sector in driving Pakistan\u2019s economic future, as […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-475310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n