PM holds meeting to take stock of dire economic situation

  • Participants resolve to steer country out of the prevalent crisis

ISLAMABAD: Prime Minister Imran Khan on Sunday held a meeting with leading businessmen and economic experts to discuss the current economic situation.

The meeting discussed in detail the current challenges and way forward in steering the country out of the prevalent crisis and putting it on sustainable growth trajectory through the implementation of the Pakistan Tehreek-e-Insaf (PTI) government’s reform and growth agenda.

The meeting was attended by Finance Minister Asad Umar, Adviser to PM Abdul Razzak Dawood along with other economic experts including Hussain Dawood, Ali S Habib, Bashir Mohammad, Arif Habib, Mian Abdullah, Tariq Segal, Khurrum Mukhtar, Fawad Ahmed Mukhtar, Dr Salman Shah and Dr Ashfaque Hasan Khan, the PM Office’s media wing confirmed in a press statement.

The participants, while acknowledging huge challenges that the present government inherited, appreciated the measures taken by it to stabilize the economy and restore confidence of the business community.

During the meeting, the prime minister said the current economic situation had necessitated difficult economic decisions, however, the government was trying its best to protect the poor and vulnerable.

The prime minister thanked the delegation for their valuable input and said the input of the business community would help the government remove bottlenecks in the way to attract investment and ensure growth of industry in the country.

The delegation appreciated the Naya Pakistan Housing Project of the government, which, they said, would not only generate economic activities but would also help in creation of jobs and growth of allied local industries associated with the construction sector.

Discussing various issues of economy, the participants presented proposals to strengthen the local industries and provide them with a level-playing field in order to make Pakistani products internationally competitive.

They assured the prime minister that the business community would provide complete support to the government with regard to implementation of its reform agenda and overcoming the current economic challenges.

The meeting also discussed in detail various short, medium and long-term measures to promote vital sectors of economy, and to plug the holes that were continuously draining the economy.

Must Read

Honda Atlas Cars’ Profit-after-tax down by 62%

Honda Atlas Cars (Pakistan) Limited (HCAR) reported a nearly 62% drop in profit-after-tax (PAT) for the quarter ending September 30, 2024, compared to the...