PM: Gwadar Port Activation Gains Momentum Through Exporter Talks
Prime Minister Shehbaz Sharif was briefed on Tuesday about the government’s fast-tracked engagement with exporters and private stakeholders to operationalise Gwadar Port and enhance its capacity. The update came during a strategic meeting focused on bolstering industrial growth, increasing exports, and addressing the challenges faced by Pakistan’s business sector.
Officials highlighted a series of relief measures implemented within the budgetary limits to benefit the public, investors, and industrialists. They noted the vast potential for expanding investment and industry, emphasising the country’s gradual recovery and return to economic development.
Efforts are underway to cut production costs, particularly in electricity, in order to enhance the global competitiveness of Pakistani exporters. Digitisation of the Federal Board of Revenue (FBR) is simplifying customs and tax procedures, promoting ease of doing business.
Privatisation of loss-making state-owned enterprises is also being accelerated to reduce the size and inefficiency of the public sector. In a landmark move, officials announced the introduction of a modern IT ecosystem, with AI-based solutions being adopted in agriculture and other key sectors. These include advanced machinery, improved seeds, and updated agricultural systems.
Industry leaders from textiles, agriculture, cement, and technology participated in the session, where Prime Minister Shehbaz credited the government’s unwavering efforts for stabilising the economy. He stressed the need to now shift focus toward sustainable growth, export promotion, job creation, industrial development, and attracting foreign investment.
The Prime Minister reaffirmed his commitment to a consultative approach, promising monthly meetings with the business community to incorporate their insights into policy-making. “Hard work and mutual cooperation will be essential for this journey of progress,” he stated.
A press release from the Prime Minister’s Office mentioned that participants commended the government’s role in securing a deal with the IMF and stabilising the economy. They also appreciated the recent budget as business-friendly and urged the continuation of reforms aligned with industrial needs.
Stakeholders emphasised the importance of facilitating exporters and investors to drive foreign investment, and praised the government’s openness to private sector input in shaping national economic policies.