Islamabad, Prime Minister Shehbaz Sharif has called for the development of a comprehensive strategy to enhance the country’s revenue streams, specifically designed to avoid placing additional financial burdens on the general populace. This directive was given during a focused meeting on financial strategies involving the Ministry of Finance, held in the capital.

According to Ministry of Information and Broadcasting, during the meeting, Prime Minister Sharif outlined several key initiatives intended to strengthen the nation’s financial health. Central to his strategy is the empowerment of provinces through the devolution of relevant ministries and departments, in accordance with the 18th Amendment. This move is anticipated to streamline governance and enhance fiscal efficiency across the board.

The Prime Minister emphasized the need for fiscal discipline, advocating for a reduction in expenditures to mitigate financial losses. He highlighted the urgency of accelerating reforms and the privatization of state enterprises that have been underperforming, identifying public-private partnerships as crucial for enhancing service delivery, particularly at major airports.

Sharif’s vision extends to comprehensive financial reforms, focusing on the gradual reduction of public debt and the implementation of pension and subsidy reforms. The restructuring and privatization of state-owned enterprises are also pivotal components of his plan. Acknowledging the completion of a standby program with the International Monetary Fund (IMF), he expressed a commitment to continued collaboration with the IMF on future programs, underscoring the government’s dedication to robust fiscal management and economic stability.

This approach represents a strategic effort to bolster Pakistan’s economy while ensuring the welfare of its citizens remains a priority, signaling a proactive stance towards sustainable financial governance.