Economic Stability, Declining Interest Rates Attracting Foreign Investment: PM

Islamabad: Prime Minister Shehbaz Sharif says the economic stability, reduced inflation, and a significant drop in interest rate have increased investments from friendly countries in the country. He was chairing a meeting of the Economic Advisory Council in Islamabad. The Prime Minister highlighted that businesses and investments are being facilitated through Information Technology reforms and the digitalization of the tax system. He expressed optimism about achieving Sustainable Development Goals through a comprehensive consultative process.

According to Radio Pakistan, the Prime Minister emphasized that industrial growth is the government’s top priority, which would lead to increased employment opportunities in the country. Shehbaz Sharif noted that the reduction in electricity prices would lower the cost of industrial production, resulting in a boost in both production and exports. He added that the reduced cost of production would enable Pakistani products to better compete in international markets.