Islamabad, In a significant move towards addressing structural issues in the economy, Finance Minister Dr. Shamshad Akhtar announced the government’s commitment to introducing reforms in key sectors. The announcement came during a meeting with Hela Cheikhrouhou, the Regional Vice President of the International Finance Corporation for the Middle East, Central Asia, Turkey, Pakistan, and Afghanistan, in Islamabad.
According to Ministry of Information and Broadcasting, Dr. Akhtar, while welcoming Cheikhrouhou, outlined the government’s focus on enhancing various aspects of the economy. These include improvements in the capital market and insurance industry, development in Investment Finance, fostering export-oriented growth, and the establishment of special economic zones aimed at boosting exports.
The discussion with Cheikhrouhou underscores the government’s proactive approach to economic reform and development. Dr. Akhtar’s emphasis on these particular sectors indicates a strategic focus on areas that are vital for the sustained economic growth and stability of the country.
These reforms are expected to address long-standing structural challenges within the Pakistani economy. By focusing on areas like the capital market and special economic zones, the government aims to create a more conducive environment for investment and trade. This approach aligns with broader goals of economic diversification and sustainable development.
The meeting between the Finance Minister and the Regional Vice President of the International Finance Corporation reflects the importance of international cooperation and support in Pakistan’s economic reform initiatives. The involvement of a key figure from a major international financial institution highlights the significance and potential impact of the proposed reforms on the regional and global economic stage.
The commitment to these reforms represents a crucial step in Pakistan’s ongoing efforts to strengthen its economic foundations and enhance its competitiveness in the global market.