Prime Minister Shehbaz Sharif extended an invitation to the United Kingdom to explore investment opportunities across various sectors of Pakistan’s burgeoning economy, as reported by Radio Pakistan.
During a meeting with the British High Commissioner to Pakistan, Jane Marriott, in Islamabad, he conveyed Pakistan’s eagerness to attract investments from the UK and other nations.
The Prime Minister underscored potential investment prospects in agriculture, food security, information technology, tourism, and mining. He emphasized the enduring relationship between Pakistan and the United Kingdom, noting its continuous strengthening.
PM Shehbaz reiterated the government’s dedication to enhancing governance structures and implementing institutional reforms. He highlighted ongoing measures at both micro and macroeconomic levels aimed at revitalizing the country’s economy.
Furthermore, he disclosed that the digitization process of the Federal Board of Revenue is nearing completion.
The British delegation commended the government’s initiative to address the education crisis in Pakistan and pledged support for the country’s recovery endeavours.
In a related development, the International Monetary Fund (IMF) praised the decision of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) to maintain policy rates.
Read more: SPI shows weekly decline in prices, but yearly increase raises concerns
The IMF stressed the significance of successfully lowering inflation to rebuild public confidence in a reliable and effective monetary policy framework. They emphasized the importance of “the primacy of the medium-term inflation objective; the interest rate as the main policy tool (rather than the exchange rate as an intermediate tool); and monetary transmission operating, albeit slowly, through the standard channels.”
