Karachi, In a notable development aimed at bolstering the regional and national economy, Sindh Chief Minister Syed Murad Ali Shah and Federal Finance Minister Mohammad Aurangzeb agreed to enhance collaboration between their respective governments. Their discussion focused on attracting foreign investment, increasing exports, and resolving financial disputes, including at-source deductions and gas price hikes.

According to Chief Minister Sindh, the meeting held at CM House was a significant step towards resolving the ongoing financial disputes and planning for economic growth. The discussions covered the illegal at-source deductions made by the Federal Board of Revenue (FBR) from the provincial funds, totaling Rs13.4 billion, which both leaders agreed needed urgent rectification.

The leaders also addressed the concerns of industrialists over the rising costs of industrial gas, agreeing to negotiate with the federal minister for petroleum to find a solution. Furthermore, they discussed the lack of new schemes for Sindh in the federal Public Sector Development Programme (PSDP), which they plan to take up with the federal minister for planning and development.

Both Shah and Aurangzeb expressed a commitment to utilizing scientific and modern methods to develop the agriculture sector, aiming to boost the production of export-quality crops, vegetables, fruits, and dairy products. They also touched upon the ongoing efforts to reconstruct infrastructure damaged by floods, emphasizing the need for effective use of international aid.

The meeting concluded with a shared intention to simplify and automate investment procedures to attract foreign investment and a mutual recognition of the successful public-private partnerships established in Sindh.