Pakistan's economy stable, moving towards growth, PM Shehbaz tells business delegation

Prime Minister Shehbaz Sharif told a delegation of US-based Pakistani business leaders on Friday that the economy has steadied and is now heading toward growth, according to Dawn. He made the remarks at a meeting with the US-Pakistan Business Council and the US Business Council for International Understanding, held on the margins of the 81st UN General Assembly session. Citing reforms in digitisation, the Federal Board of Revenue and e-governance, he invited the visitors to look at investment opportunities at home.

He said the country had carried out major structural reforms, and he named agriculture, mining, IT and AI-led initiatives, energy security, and investment as areas of possible cooperation. On farming, he argued that modern machinery could lift efficiency and output while cutting costs. He also said privatisation was an area of interest for investors, noting that PIA is being privatised and that he is confident its new Pakistani owners will turn the airline around, while several provincial power distribution companies are moving through the process.