Consultations Ongoing Regarding Regulation of Digital Currencies: PM Shehbaz

Consultations Ongoing Regarding Regulation of Digital Currencies: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif chaired an important meeting of the Economic Advisory Council on Wednesday. During the meeting, council members expressed strong confidence in the government's economic policies and provided key recommendations to further strengthen Pakistan's economic growth.

The prime minister disclosed that ongoing consultations are taking place regarding the regulation of digital currencies.

PM Shehbaz welcomed the suggestions and directed the relevant authorities to work with council members to develop a comprehensive action plan based on these recommendations.

He stressed that economic stability is a collective effort and not the result of individual actions.

Reaffirming his commitment to sustainable economic development, he mentioned the current potential for regional trade would be fully utilized.

The prime minister also underscored the importance of making local industries competitive in international markets with their exports.

"Industry, agriculture, IT development, job creation, and increasing exports are among the government's top priorities," he said, adding that establishing green data centers in the country was a focus area.

He also noted ongoing efforts to improve telecommunication services and provide internet access to remote areas, which would boost the number of freelancers and IT exports.

The need to turn the constructive discussions from the meeting into actionable plans was emphasized.

Participants of the meeting acknowledged that Pakistan's economy is stable and progressing towards growth, noting that price stability has led to increased production.

They highlighted that the government's economic team has proven many projections and analyses wrong, and for the first time, global economic institutions, the business community, and investors are unified in recognizing the government's action plan.

Participants also praised the prime minister for his strong commitment to implementing institutional reforms, which they noted had not been seen in Pakistan's history before.

They believed that improvements in the country's tax system, ease of regulations, and the creation of a business- and investor-friendly environment had contributed to growth in all major sectors.

They also noted that, for the first time in history, the business community has easy access to the government's economic team and regular consultations are taking place. The reduction of smuggling has also contributed to increased exports, which they viewed as a positive development.

The meeting was attended by Jehangir Khan Tareen, Saqib Shirazi, Shehzad Saleem, Musaddiq Zulkarnain, Dr. Ejaz Nabi, Asif Peer, Zaid Bashir, and Salman Ahmed, along with Federal Ministers Ahsan Iqbal, Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Mohammad Aurangzeb, Minister of State Ali Pervez Malik, the Prime Minister's Coordinator Rana Ehsan Afzal, and other senior officials.

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