AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Minister for Commerce, Jam Kamal Khan, has announced a notable rise in foreign investment in the country, attributing this growth to economic stability. Addressing a pre-budget seminar in Islamabad on Monday, he highlighted the government’s efforts to tackle the challenges faced by various industries.
According to Radio Pakistan, the Minister emphasized that the inflation rate is on a decline and the policy rate has dropped, thanks to the government’s prudent policies. He mentioned that the government is actively engaging with various relevant sectors, with consultations currently underway to devise the budget for the upcoming fiscal year.
Jam Kamal underscored the vital role of the National Export Development Board in resolving industrial issues. He also stressed the importance of discussions on tariff-related matters to draft a new National Tariff Policy. He pointed out that a transparent tariff structure is essential to attract foreign investment and acknowledged the private sector’s crucial contribution to economic growth.
The Commerce Minister reiterated the government’s commitment to enhancing the ease of doing business. He addressed concerns related to tax regimes, sales tax issues, and capital mechanisms, underscoring the administration’s resolve to create a more business-friendly environment.