Prime Minister Shehbaz Sharif has directed the government to prepare a new industrial policy focused on attracting investment and strengthening Pakistan’s economic base. He emphasized that industrial growth is essential for creating jobs, raising incomes, and stabilizing key economic indicators.
During a briefing, the Working Group led by industrialist Saqib Shirazi presented updated recommendations on modernizing Pakistan’s industries. The prime minister appreciated the private sector for supporting the economy through difficult periods and acknowledged its role in keeping key sectors afloat.
Shehbaz stressed that business reforms must align with regional competitive standards and help Pakistan transition toward a more productive industrial structure. He said improving the investment climate and removing barriers to business remain top priorities for the government.
The prime minister instructed officials to develop a new action plan based on the proposed recommendations. He also ordered that private-sector suggestions be fully incorporated into broader economic reforms to sustain recovery and build long-term momentum.
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