‘Economic stability signals positive shift’

Rajput credits this positive shift to strict fiscal discipline, adherence to conditions of IMF Standby Agreement

KARACHI:

Board of Investment (BoI) Secretary, Dr Sohail Rajput, addressed a high-profile session at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), highlighting the economy’s stabilisation over the past year. Rajput credited this positive shift to strict fiscal discipline and adherence to the conditions of the International Monetary Fund Standby Agreement.

Highlighting the government’s commitment to facilitating investors, Rajput noted the establishment of the SIFC, functioning as a one-window solution for investors. In his briefing on the Pakistan Regulatory Modernisation Initiative, Rajput outlined the government’s efforts to streamline the industrial setup by consolidating the issuance of NOCs and licenses under a unified one-window system.

Read IMF warns of risks to economy despite stabilisation

FPCCI Acting President, Saquib Fayyaz Magoon, identified the lack of a centralised, updated database of Pakistani businesses as a significant hurdle to attracting FDI. Magoon urged the prioritised launch of the Pakistan Business Portal as FPCCI’s focal demand.

Published in The Express Tribune, January 31^st, 2024.

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