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2 clusters · 5 sources · 5 days · First seen · Last updated

Pakistan economic reform and stability efforts

Overview

Prime Minister Muhammad Shehbaz Sharif has reported an economic turnaround in Pakistan driven by fiscal, structural, and governance reforms. These measures have reportedly restored macroeconomic stability and improved investor confidence, resulting in stable outlook upgrades from Fitch, Moody’s, and S&P.

To sustain this growth, the government is focusing on infrastructure modernization, specifically the Main Line-1 (ML-1) railway corridor from Karachi to Peshawar, and strengthening cooperation with the Asian Development Bank.

Further initiatives include reducing energy costs, implementing a ‘regulatory guillotine’ to eliminate unnecessary business procedures, and utilizing the Special Investment Facilitation Council (SIFC) as a one-window mechanism for commercial activities. Additionally, the Prime Minister noted that increased tax enforcement by the Federal Board of Revenue (FBR) generated Rs800 billion in the previous financial year without new taxes, facilitating positive interactions with the International Monetary Fund (IMF).

Entities

Muhammad Shehbaz Sharif · Pakistan · Asian Development Bank · Federal Board of Revenue · Trade Facilitation Board

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Shehbaz Sharif targets lower energy costs and regulatory reform

    Prime Minister Shehbaz Sharif announced plans to lower energy costs and simplify business regulations in Pakistan, citing Rs800 billion in tax enforcement gains and improved macroeconomic stability.

  2. 7 days ago

    [BUSINESS] 3 sources
    Pakistan reports economic turnaround following fiscal reforms

    Pakistan's Prime Minister Muhammad Shehbaz Sharif reported an economic turnaround driven by reforms, discussing infrastructure and the ML-1 railway modernization with the Asian Development Bank.

Sources

centreline.com.pk · dailytimes.com.pk · dnanews.com.pk · energyupdate.com.pk · islamabadpost.com.pk