To tackle the nation's economic woes, Prime Minister Shehbaz Sharif has issued a rallying call for decisive action. Emphasizing a dual approach of policy reform and harnessing the country's abundant natural and agricultural resources, the Prime Minister has set forth a comprehensive plan to steer the nation towards economic rejuvenation.
Under the PM's directive, priority initiatives include raising the Tax to GDP ratio, curbing smuggling and electricity theft, and safeguarding state-owned enterprises from losses through efficient management and potential privatization.
Central to this strategy is the acceleration of efforts under the Special Investment Facilitation Council (SIFC) to catalyze economic recovery. This council, led by the PM, aims to streamline investment processes and foster a conducive environment for business growth.
Furthermore, the PM has charged the Petroleum Division with ramping up gas exploration and production in accordance with the stringent guidelines outlined in the tight gas policy. This policy not only seeks to enhance domestic energy reserves but also encourages investment in subsea oil and gas reserves, thereby stimulating economic activity and job creation.
The critical role played by the Special Investment Facilitation Council (SIFC) in endorsing the Tight Gas Policy underscores the govt's commitment to providing attractive incentives for exploration and production companies, fostering a climate conducive to sustainable economic development.
