Pakistan Can Progress Through Its Own Strengths, Highlights Haroon Akhtar Khan at Economy Dialogue
Islamabad : Special Assistant to the Prime Minister, Haroon Akhtar Khan, participated in the Pakistan Business Council’s Dialogue on the Economy session where he shared key insights on Pakistan’s economic outlook. He emphasized that before seeking foreign investment, Pakistan must first focus on strengthening domestic investment. Highlighting the need for rapid economic progress, he said that accelerating growth is crucial for generating employment opportunities.
Haroon Akhtar Khan stated that no country can attain prosperity without industrial development, underscoring industry as the backbone of economic advancement. He pointed out that the pace of exports should surpass imports; otherwise, the trade deficit continues to expand, exerting pressure on the economy. To enhance exports, he stressed the importance of promoting manufacturing and local production, adding that producing essential materials such as steel within the country is vital to boost export potential.
Commending the Federal Board of Revenue (FBR), he noted that the institution has delivered outstanding performance in implementing reforms. He reiterated that Pakistan possesses the ability to grow using its own capabilities and national strength. Haroon Akhtar Khan further revealed that a tax package as part of the upcoming industrial policy will be presented to the IMF. He concluded by stating that the forthcoming reform initiatives are aimed at achieving long-term and sustainable economic development.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
