Wednesday, 22 January 2025, 04:53:59 pm


 
Davos-Pakistan apprising the world about economic achievements: Advisor
January 21, 2025

Khurram Shahzad (Advisor to Finance Minister): Overall Pakistan has achieved a significant economic stability. Finance Minister is representing Pakistan at World Economic Forum and holding successful meetings with global economic leaders and managers. Pakistan is apprising the world about its achievements on economic front and future roadmap towards economic stability. We have a significant geographical location in the region and we are convincing the global investors to invest in Pakistan and benefit from its geo-political geography. The government has introduced a number of economic reforms. Under these reforms the government is trying to cut its size to reduce its own expenditures. Under rightsizing policy, we are trying to devolve our lesser required departments and divisions to the provinces. We have saved almost Rs 170 billion government’s expenditures. Moreover we are going either to close down or privatize some of loss making state owned entities.  We need huge investment in Pakistan to counter the prevailing economic challenges posed by different factors in Pakistan. We have to overcome illiteracy, poverty and other social issues. World Bank and IMF are willing to support Pakistan on this issue.