Economic Stability, Declining Interest Rates Attracting Increased 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 said businesses and investments are being facilitated through Information Technology reforms and digitalization of the tax system. The Prime Minister expressed hope of achieving Sustainable Development Goals through a comprehensive consultative process.

According to Radio Pakistan, Shehbaz Sharif emphasized that industrial growth is the government’s top priority, as it would increase employment opportunities in the country. He noted that the cost of industrial production would be reduced due to a reduction in electricity prices, resulting in a boost in both production and exports. Sharif stated that the reduced cost of production would enable Pakistani products to compete internationally.