Islamabad: Foreign investment in Pakistan is experiencing a notable uptick, signaling a period of economic stability, stated Jam Kamal Khan, the Minister for Commerce. Speaking at a pre-budget seminar, Khan outlined the government’s strategies to tackle industrial challenges and emphasized a reduction in inflation and policy rates as indicators of effective governance.

According to a statement by Ministry of Information and Broadcasting, the Minister highlighted the government’s ongoing dialogue with key sectors as part of the preparations for the upcoming fiscal year’s budget. He underscored the critical role of the National Export Development Board in resolving industrial issues and emphasized the significance of tariff discussions in drafting a new National Tariff Policy.

Khan pointed out that establishing a transparent tariff structure is essential for attracting foreign investment. He recognized the pivotal contribution of the private sector to economic growth and reiterated the government’s commitment to enhancing the ease of doing business. This includes addressing tax regimes, sales tax concerns, and capital mechanisms, which are vital for fostering a conducive business environment.