https://arab.news/vum72
- Shehbaz Sharif emphasizes the need to improve governance in all fields during the federal cabinet meeting
- The PM says he has already taken measures to improve the country’s tax system by initiating its digitalization
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Saturday he has shared a five-year roadmap to ensure Pakistan’s progress and development with all ministries, telling his cabinet members he will personally review the progress on the set timelines and targets with them in the coming months.
Pakistan has been facing several economic and developmental challenges, such as high inflation, fiscal deficits and debt servicing issues, along with structural problems in sectors like energy, agriculture and manufacturing.
The situation has made it imperative for its newly elected administration to focus on and address these issues to ensure sustainable growth and development.
The prime minister has already indicated that his government will seek a fresh International Monetary Fund (IMF) loan program for the macroeconomic stability of the country. However, he also highlighted the need to improve governance during the federal cabinet meeting on Saturday afternoon.
“I have shared the broad parameters of the five-year plan with you,” he told the ministers attending the gathering. “It includes detailed targets that we need to achieve, as written in these papers.”
“The strategy for this and the required human resources have been detailed in these documents, which I have sent to all ministries,” he continued. “The specifics of the plan are outlined, encompassing the next 100 days, six months and five years. In light of this, we need to come together and work tirelessly day and night. We must utilize all the available resources and tools at our disposal and procure whatever is lacking immediately, without wasting any time.”
Sharif said he had already taken measures to improve the country’s tax system by initiating its digitalization and would periodically review the performance of all ministries against the benchmarks set by his administration.
“We have five years to transform Pakistan’s economy,” he added. “However, we need to start doing that from now.”
He emphasized the importance of reducing the country’s loans and advancing in major sectors like agriculture, manufacturing and information technology to strengthen the national economy in the coming days.