Print Print 2023-08-16

Economic policies: Kakar says will ensure continuity

  • An increase in foreign investment under the Special Investment Facilitation Council (SIFC) would remain one of the key priorities of the government, adds the caretaker PM
Published August 16, 2023

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday said the government would ensure continuity in the economic policies, besides further improving them.

Caretaker Prime Minister said an increase in foreign investment under the Special Investment Facilitation Council (SIFC) would remain one of the key priorities of the government.

While presiding over a meeting on important issues of various ministries, the caretaker premier set out priorities of the caretaker government continuity of the economic policies, reforms in the power sector, and broadening of the tax base.

Anwaar-ul-Haq Kakar takes oath as interim prime minister

He was briefed on the country’s economic situation which led to his directive with regard to expediting the implementation of ongoing reforms in the power sector and measures that should be followed or undertaken to increase tax revenue.

He added that the continuity of the economic policies would be maintained and bring more economic improvements. He added that public welfare projects will continue. He further stated that increasing foreign investment in the country under the SIFC is among the priorities of the caretaker government. He added that international quality facilities should be ensured in the health and education sectors.

The caretaker government will focus on deregulation and responsible autonomy for the betterment of the economy, he said, adding that the caretaker government will spend all its energies on reforming the economy in its limited period.

The meeting was informed in detail about the measures for stability and further improvement in the country’s economy.

The meeting was also given a detailed briefing on the ongoing reforms in the power sector. The caretaker premier directed to submit a detailed report on the ongoing reforms in each sector. The meeting was attended by senior government officials including governor State Bank, secretary finance, secretary power, and chairman Federal Board of Revenue (FBR).

Copyright Business Recorder, 2023

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Sodhi Aug 16, 2023 10:07am
No economic stability without political stability...clown set up by Generals won't help much!
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Merg Aug 16, 2023 10:16am
@Sodhi, unfortunately the clowning around continues without considering the consequences for the ordinary people.
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KU Aug 16, 2023 10:39am
How will the PM ensure economic continuity when the running of industry and agriculture is unfeasible? Surely, SIFC is not going to bail us out of the present crises, especially when our house is not in order, who in their right mind will dare to invest in Pakistan? It is now certain that we are being led toward an abyss and assured chaos, and as is the norm, people surviving on daily wages and salaries will be the first casualties in this utopian neverland.
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Khan Aug 16, 2023 10:59am
Nice start!
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Ali Aug 16, 2023 12:53pm
Hi
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Ali Aug 16, 2023 12:55pm
AMBARSARIYA
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Dilawez Shehnaz Aug 16, 2023 02:00pm
Dear you are here for holding elections. Go home quickly
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Elibux Aug 16, 2023 04:44pm
@Dilawez Shehnaz, looks like generals have othrr plans..
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