Prime Minister Shehbaz Sharif Saturday invited the United Kingdom to invest in diverse sectors of Pakistan’s vast economic potential, according to Radio Pakistan.
Talking to British High Commissioner to Pakistan Jane Marriott in Islamabad, he expressed Pakistan’s desire to attract investment from the UK and other countries.
The premier highlighted investment opportunities in agriculture, food security, information technology, tourism, and mining.
He said Pakistan and the United Kingdom enjoy long-standing relations that are further strengthening with the passage of time.
PM Shehbaz also emphasized the government’s commitment to improving governance structures and introducing institutional reforms.
He said that the government is taking measures at the micro and macroeconomic levels to revive the country’s economy.
He further said the digitization process of the Federal Board of Revenue is in a final stage.
The British delegation appreciated the government’s initiative to declare an education emergency in the country and expressed support for Pakistan’s recovery efforts.
In a related development earlier, the International Monetary Fund (IMF) welcomed the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) decision to keep policy rates on hold.
The IMF noted that guiding inflation down successfully is critical to reinvigorating public confidence in a consistent and effective monetary policy framework, with “(i) the primacy of the medium-term inflation objective; (ii) the interest rate as the main policy tool (rather than the exchange rate as an intermediate tool); and (iii) monetary transmission operating, albeit slowly, through the standard channels.”
