PM Shehbaz considers consultation for digital currency regulation as disclosed in an important meeting of the Economic Advisory Council.
Prime Minister Muhammad Shehbaz Sharif presided over a crucial meeting of the Economic Advisory Council on Wednesday, where council members expressed their complete trust in the government’s economic policies. They also put forward significant recommendations to further enhance Pakistan’s economic growth. During the meeting, the prime minister disclosed that discussions were underway regarding the regulation of digital currencies.
Welcoming the proposals, PM Shehbaz directed the relevant authorities to collaborate with council members to develop a comprehensive action plan based on these recommendations. He stressed that economic stability is not the achievement of a single individual but the result of collective teamwork.
Reaffirming his dedication to the country’s economic growth, the premier emphasized the importance of utilizing regional trade opportunities. He also underscored efforts to enable local industries to compete in international markets through increased exports. He highlighted that industry, agriculture, IT sector growth, job creation, and export expansion remain top priorities for the government, along with plans to establish green data centers in Pakistan.
Additionally, the prime minister mentioned ongoing initiatives to enhance telecommunication services and extend internet access to remote areas, which would facilitate freelancing opportunities and boost IT exports. He urged that the productive discussions from the meeting should be translated into practical, actionable strategies.
Meeting participants acknowledged that Pakistan’s economy was stabilizing and moving toward growth, attributing this to price stability and increased production. They stated that the government’s economic team had defied previous projections, with global financial institutions, the business community, and investors now recognizing the government’s policies.
They also praised PM Shehbaz for his firm commitment to implementing institutional reforms, which they noted were unprecedented in Pakistan’s history. Improvements in the tax system, regulatory ease, and the creation of a business- and investor-friendly environment were highlighted as major contributors to economic growth.
Furthermore, the attendees observed that, for the first time, the business community had direct and regular access to the government’s economic team. They also pointed out that a reduction in smuggling had positively impacted exports, leading to economic benefits.
The meeting was attended by key business figures, including Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed. Federal Ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Mohammad Aurangzeb, Minister of State Ali Pervez Malik, the Prime Minister’s Coordinator Rana Ehsan Afzal, and other senior officials were also present.
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