Budget outlines clear path to progress: PM

Shehbaz determined to achieve self-sufficiency, insulating economy from external turbulence and shocks

ISLAMABAD:

Prime Minister Shehbaz Sharif on Monday said that despite the constraints imposed by domestic and global circumstances, the budget 2023-24 could help turn things around by outlining a clear path to progress.

The prime minister, in a tweet, said that achieving economic self-sufficiency remained the overarching goal where the economy was insulated from external turbulence and shocks.

He said as the experts were analysing the various facets of budget 2023-24, he considered it important to highlight the special emphasis the government had placed on the growth-inducing sectors in the budget.

While experts are analysing the various facets of Budget 2023-24, I consider it important to highlight the special emphasis the government has placed on the growth-inducing sectors in the budget. The measures for the uplifting of Information Technology, agriculture, solarisation,…

— Shehbaz Sharif (@CMShehbaz) June 12, 2023

He said the measures for the uplifting of information technology, agriculture, solarisation, youth development and other sectors were proposed after thorough deliberations.

“They are aimed at incentivizing innovation and entrepreneurship of our talented youth and boosting the productivity of agriculture and attracting investment in the agro-industry.”

At the same time, the prime minister said the government was working on a solarisation initiative to replace the costlier sources of power generation by harnessing the vast solar power.

“Affordable energy is key to economic growth and the provision of relief to the people. The procurement of crude oil from Russia is also part of the energy security plan,” the prime minister remarked. APP