ISLAMABAD: Prime Minister Shehbaz Sharif has underscored the need for export-led growth to achieve economic development.
Chairing federal cabinet meeting in Islamabad today, he expressed satisfaction with the macroeconomic stability achieved by the country, emphasizing that it is now time to move forward towards growth.
Describing the launch of Uraan Pakistan, a homegrown five-year economic plan as an important initiative, the Prime Minister was confident that it would prove to be a good omen for the New Year. He, however, emphasized the need for diligence and steadfastness to achieve the targets. He appreciated the contributions made by the ministries in the preparation of the economic plan.
The Prime Minister pointed out that foreign remittances reached fifteen billion dollars in the first five months of the current fiscal year, expressing confidence that they could reach the historic thirty-five billion dollars mark if the current trend continued.
He said revenue collection target for the month of December was achieved by ninety-seven percent, which is encouraging. He said the trial run of Faceless Customs Assessment System at Karachi Port has facilitated the business community as it reduced the inspection time of containers by thirty-nine percent.
Shehbaz Sharif said smuggling of sugar to Afghanistan has been brought to zero, crediting the Army Chief for his efforts in this regard. He mentioned that these success stories have been achieved despite the sit-ins by certain elements.
The Prime Minister stated efforts are underway regarding rightsizing and downsizing. He said a world class airport has been established in Gwadar with the support of China. He said this facility will be turned into a world class commercial hub, highlighting that there is an immense scope of it.
Shehbaz Sharif also paid tributes to the security personnel for their sacrifices in the war against terrorism.
Deputy Prime Minister and Foreign Minister Ishaq Dar informed the cabinet today that Pakistan is marking the start of its term as a non-permanent member of the UN Security Council for 2025-2026. The cabinet commended this achievement by Pakistan on the diplomatic front.
Furthermore, the Prime Minister sought the details of the last three months’ public sector imports via Gwadar Port to be presented at the next cabinet meeting.
The cabinet approved the rules and procedures for the appointment of officers of the Information Group in Pakistani missions abroad to further ensure transparency and merit in the process of their appointment.
It also approved the registration of Liaquat University of Medical and Health Sciences, Thatta.
