Islamabad: Prime Minister Muhammad Shehbaz Sharif has initiated steps to bolster investment in Pakistan by directing the establishment of a new steering committee. This move is part of a broader strategy to provide a more conducive business environment for traders and investors.
According to Ministry of Information and Broadcasting, during a meeting held in Islamabad, the Prime Minister tasked relevant authorities with forming a steering committee focused on increasing investment and enhancing the operational capacity of federal ministries. This committee will oversee the progress of these initiatives and ensure alignment with national economic goals.
The meeting also highlighted the involvement of the Public Private Partnership Authority, which has engaged the consultancy firm Kearney to assist in this effort. Kearney has already begun a comprehensive consultative process with the government, having engaged with 15 federal institutions to identify 97 priority projects that could benefit from increased investment and improved capacity.
Additionally, Kearney is set to aid in the privatization of State-Owned Enterprises, enhancing the regulatory framework of public sector entities, and drawing more investors to Pakistan. This collaboration underscores the government’s commitment to revitalizing its investment landscape and fostering economic growth.