Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Tuesday met with a group of leading exporters and businessmen led by Shabbir Diwan, former Chairman of the Pakistan Business Council (PBC), as part of the government\u2019s ongoing consultative process with stakeholders from the business and industrial community.
\nSpeaking during the meeting, the Finance Minister underscored that export-led growth is not just a priority\u2014it is the only viable path forward for Pakistan\u2019s economic stability and sustainability. \u201cEvery sector of the economy will have to contribute,\u201d.
\nHe said that increased productivity and outward-looking policies are essential if Pakistan wants to break free from the recurring boom-and-bust cycles and avoid returning for what would be a 25th IMF program, said a press release issued by the Ministry of Finance and Revenue.
\nHe reiterated that the existing protectionist regime must be dismantled to enable market-based competitiveness. \u201cThe era of unnecessary protection must come to an end. The Prime Minister is personally chairing meetings to drive this shift,\u201d he added.
\nThe minister further highlighted that resolving structural bottlenecks\u2014such as high financing costs, elevated energy tariffs, and an overly complex tax regime\u2014is essential for helping the local industry become competitive and lead the country to a productivity and export led growth.
\nHe said the government was aiming to prepare the upcoming federal budget as a strategic document\u2014one that aligns fiscal priorities with the broader objective of sustainable, export-driven growth.
\nThe discussion covered the government\u2019s Tariff Rationalisation Program, aimed at removing anomalies and inconsistencies that hinder business operations. Mr. Diwan welcomed the government\u2019s efforts and shared private sector perspectives on improving policy consistency and predictability.
\nSenator Aurangzeb assured that all stakeholders inputs will be considered in shaping the next phase of reforms. He emphasized the importance of public-private collaboration to lay down a resilient, productive, and globally integrated economic framework.<\/p>\n","protected":false},"excerpt":{"rendered":"
Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Tuesday met with a group of leading exporters and businessmen led by Shabbir Diwan, former Chairman of the Pakistan Business Council (PBC), as part of the government\u2019s ongoing consultative process with stakeholders from the business and industrial community. Speaking during the meeting, the Finance Minister underscored […]<\/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-477832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n