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| India-Pakistan |
| PM Shehbaz calls for immediate reforms to steer Pakistan out of crises |
| 2023-07-16 |
| [GEO.TV] Prime Minister Shehbaz Sharif has emphasised the need for immediate structural reforms to steer the country out of crises saying that there is no other way but to take initiate "drastic structural and economic reforms". Addressing the office-bearers of the Lahore Chamber of Commerce and Industry (LCCI) and renowned businessmen and industrialists at Governor’s House in Lahore, the premier said sacrifices of all stakeholders including the business community required to deal with prevailing challenges. PM Shehbaz said the government was taking all possible measures for the promotion of industry and agriculture. However, a poor excuse is better than no excuse at all... in the given circumstances and in the face of grave challenges, industrialists and the business community would have to play their role even more actively for enhancing exports and stabilising the economy, he added. Citing an example of Bangladesh textile industry, PM Shehbaz urged the business community to examine as to why Pakistain’s economy was unable to achieve the desired targets and its full potential despite having all natural resources. Bangladesh textile sector totally relies on imported cotton, but it is developing fast and gaining a niche in the global market while Pakistain’s textile is losing competition in the export markets, the PM added. |
| Posted by:Fred |