Islamabad: Minister of State for Finance Ali Pervaiz Malik today outlined the government’s ongoing efforts to ensure that the public reaps the benefits of its economic policies. In a press briefing, Malik detailed various initiatives undertaken in the Federal Budget to provide relief to citizens and promote sustainable economic growth.

According to Ministry of Information and Broadcasting, the Minister highlighted special measures taken by Prime Minister Shehbaz Sharif, including the introduction of solar panels and a new contributory pension scheme for new government and military recruits, aimed at reducing the fiscal burden. Malik also noted significant investor confidence and a historic boom in the stock market, underscoring the positive impact of these economic strategies.

The government is also advancing the privatization of power distribution companies in consultation with the World Bank, with a keen focus on consumer protection. In line with austerity measures, the Prime Minister has directed the winding up of Pakistan PWD and the downsizing of other non-performing departments. Malik stressed the importance of stabilizing macroeconomic fundamentals through enhanced coordination with provincial governments, highlighting a comprehensive approach to national economic management.