Minister Bilal Azhar Kayani says stability is achieved; policy now targets sustainable growth through exports, investment, privatization, and reforms.
From Stability to Sustainable Growth
According to the Minister of State Finance Bilal Azhar Kayani, Pakistan has shifted its focus to crisis management to stability. He observed that, inflation has reduced drastically and the rate of tax collection has also improved compared to the size of the economy. These gains, according to him, are as a result of regular reforms and a shared effort by the nation. The new agenda is uncomplicated: expand the economy in a sustainable manner that is not subject to boom-and-bust cycles.
Export Promotion as The Core Strategy
The government desires export oriented growth to ensure that exports are the means of getting foreign exchange and not borrowing. The sectors that will be assisted by the policies will be those that are able to compete with others in the world, reduce congestion in the ports, reduce energy bottlenecks and ease taxes and refunds. The goal is to enable companies to increase orders, ascend value chain and develop brands in foreign countries. An enhanced export base also stabilizes the rupee and reduces the external assistance.
Agriculture as a Driver of New Exports
Agriculture was one of the main areas that Kayani emphasized as a source of future exports. Under the directives of the Prime Minister, working groups have been established in order to come up with practical steps to be taken to design crops, livestock as well as value added food. They consist of tax, customs, energy, ports, railways and industry specialists and are led by the heads of the private-sector. The aim is straightforward; farm to market cost reduction, better storage and transport, and the consistency of quality to have Pakistani products equal to those of the international market.
Privatization, Investment, and Business Climate
According to the first lady, privatization of First Women Bank has already been achieved and further privatization of PIA was underway. He also stated that foreign and local investors are taking a new interest. The previous meeting between the business community and the Prime Minister was a three-hour interaction that gathered the feedback to inform the course of action. The National Tariff Commission is also being empowered to practice a fair cooperation in trade and the rules are being streamlined to allow firms to invest without fear.
Logistics Reforms and ML‑1 Timeline
Trade requires transport of a sound nature. Kayani reiterated the claim that the two parts of the ML-1 road project will be completed by 2028. High speed trains and enhanced freight service will reduce delivery time and enhance supply chains of exporters. In addition to port and customs development, logistics reforms minimize the number of hidden costs incurred by the business and make Pakistani products more competitive in world markets.
