Prime Minister Shaukat Aziz on Saturday said the wide-ranging structural reforms, prudent economic measures, strict financial discipline and continuity of policies had brought macro-economic stability, providing a solid base for the country's rapid economic growth. He was talking to a 25-member delegation of the FPCCI headed by its President Chaudhry Muhammad Saeed, which called on him at the Prime Minister Secretariat.
Prime Minister Aziz said reforms lay at the core of the economic turnaround and after achieving macro economic stability the country was now poised for second generation reforms.
The additional reforms would focus on building the institutional and governance capacity, besides improving the competitive environment in the country, he said and added that this process needed to be continued and sustained.
The Prime Minister said that the environment was apt and appropriate moment for establishing business ventures in the country.
"We have a stable exchange rate, relatively low inflation and strong growth."
He underlined the need for public-private partnership to further develop the export potential.
Outlining the priority areas of his government, the Prime Minister said water resource development, energy sector development, infrastructure, social sector development and second-generation reforms were being accorded the due priority.
Terming the present climate of investment as an ideal, he said the country still had much cheaper energy rates as compared to other countries in the region.
"We have introduced a whole new culture of efficiency and transparency to facilitate business", he observed.
The Prime Minister called upon the business community to come forward and benefit from the facilities and incentives being offered for investment in various sectors.
"We believe in the new paradigm of problem solving instead of problem containment practised earlier."
The delegation lauded the economic policies of the government, which it said were instrumental in promoting growth and investment and assured all out co-operation of the business community in realising the broad objectives of the government, particularly those relating to economic development.
Matters relating to tariff rationalisation, textile sector and budgetary suggestions also came under discussion during the meeting.
Comments
Comments are closed.