Govt implementing measures to foster a business-friendly environment, says PM

WEB DESK: Prime Minister Muhammad Shehbaz Sharif underscored the government’s commitment to boosting investment in Pakistan during a meeting held at the Prime Minister’s House on Monday.

He assured that the administration is implementing comprehensive measures to create a more business-friendly environment for traders and investors.

Chairing the session focused on increasing investment and strengthening the capacity of federal ministries, Prime Minister Sharif instructed the formation of a steering committee to oversee progress in these areas. He announced that he would personally lead this committee.

The meeting received an update on the involvement of Kearney, a global consultancy firm, which has been engaged by the Public Private Partnership Authority.

Kearney, renowned for its expertise and presence in the Middle East, is tasked with advising on strategies to enhance investment and improve federal ministries’ efficiency.

Kearney reported that it has already engaged with 15 federal institutions and identified 97 priority projects as part of its consultative process.

The firm outlined its plan to develop a comprehensive action plan for sustainable development, assist in the privatisation of State Owned Enterprises (SOEs), refine the regulatory framework for public sector enterprises, and attract further investment.

The meeting was attended by key officials, including Federal Minister for Economic Affairs Division Ahad Khan Cheema, Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, Minister of State for Finance Ali Pervaiz Malik, Deputy Chairman of the Planning Commission Jehanzeb Khan, and the Prime Minister’s Coordinator Rana Ihsan Afzal, among others.

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