PM holds first session of Economic Advisory Council

ISLAMABAD: Under the leadership of Prime Minister Shehbaz Sharif, the first session of the Economic Advisory Council convened on Tuesday.

During the inaugural session of the advisory council, it was agreed to prioritise consultations with economists and the private sector in the formulation of economic policies and reforms.

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In the meeting, Shehbaz said that a significant improvement in Pakistan’s economic condition compared to past periods. Specifically, he pointed out a notable decrease in the country’s inflation rate, signaling positive progress.

He also pointed out the ongoing efforts to ensure that the benefits of this reduction in inflation are effectively communicated and realised by the common citizens through governance measures.

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The forthcoming budget aims to enhance support for foreign investors and the business community while also incentivising tax compliance among the general public by lowering tax rates.