Coordinator to the Prime Minister Rana Ihsan Afzal Khan has said that the initiatives taken by the incumbent government have put the country’s economy on right path boosting investor confidence, exporter confidence, and attracted foreign investment, paving the way for sustainable economic growth. Talking to the state run news channel on Sunday, he said that country’s economic recovery was gaining momentum, driven by strategic reforms and investments. Rana Ihsan Afzal Khan said that Pakistan’s economy was showing promising signs of recovery, thanks to the government’s strategic efforts. Painting a positive picture of Pakistan’s economic outlook, he expressed confidence in the government’s reform agenda citing notable progress in tax stabilization, privatization and exporter’ support. The PM’s Coordinator said that Pakistan was poised for significant economic growth, with a focus on resolving long-standing issues faced by manufacturers and exporters. The government was actively addressing refund issues and implementing strategies to boost exports, he added.

In fact, Pakistan has planned to raise its exports to $50 billion in five years, with an ambitious long-term target of $100 billion, he added. Rana Ihsan emphasized that eliminating the non-filer category will have a positive impact on exporters, boosting Pakistan’s economic growth. He also highlighted a significant shift in Pakistan’s economy, adding, previously, investments were largely concentrated in the property sector, which did not contribute significantly to the country’s economic growth. The PM’s Coordinator mentioned that maintaining an exchange rate aligned with market rates is our priority to benefit exporters. Responding a query, he said the government has committed to maintaining current tax rates in the budget, prioritizing sustainability over increases. This move aims to promote economic stability and growth, while also ensuring that the tax system remains fair and efficient, he added. To another query, he said Pakistan International Airlines (PIA) is undergoing a significant transformation through privatization, with the government seeking investors for a majority stake.

This move aims to revitalize the airline, addressing its financial struggles and operational inefficiencies, he added. The privatization process is expected to attract both local and international investors, particularly from the Middle East, Asia, and Europe, he mentioned. Rana Ihsan have also shed light on Pakistan’s economic prospects that by implementing non-filer restrictions, the government aims to encourage more citizens to file taxes, ultimately boosting the economy. He expressed confidence that Pakistan’s economic reforms are yielding positive outcomes, demonstrating the government’s commitment to sustainable growth. The Coordinator to PM also expressed gratitude to the Pakistan Army for their coordination efforts in supporting the government’s economic revival initiatives.

Credit: Independent News Pakistan