KARACHI: Minister of State for Finance Bilal Azhar Kayani has reiterated the government's firm commitment to achieving sustainable economic stability and accelerating export-led growth through strong public-private sector collaboration.
According to Karachi Chamber of Commerce and Industry, during his visit to the Karachi Chamber of Commerce & Industry, the State Minister emphasized the government's policy framework aimed at ensuring inclusive economic growth, with the private sector playing a leading role. He assured exporters of continued policy support to enhance Pakistan's export performance and global competitiveness.
The meeting was attended by key figures from the business community, including Chairman Businessmen Group Zubair Motiwala and President KCCI Muhammad Rehan Hanif. Kayani highlighted Karachi's vital role in Pakistan's economy and stressed the importance of government engagement with the business community to align policy measures with the needs of trade and industry.
The Minister noted the government's focus on macroeconomic stabilization since February 2024 and pointed out improvements in inflation and foreign exchange reserves due to coordinated policy interventions. He outlined reforms under the Prime Minister's leadership to promote transparency and efficiency, such as transferring the management of the Export Development Fund to exporters.
Kayani also praised the success of Roshan Digital Accounts in attracting foreign investment and emphasized the government's commitment to further strengthening these channels. Additionally, he detailed regular reviews of petroleum prices and rationalization of levies to align with global market trends.
In terms of regulatory reforms, the Minister mentioned amendments to Section 37A of FBR laws to reduce discretionary powers and improve the ease of doing business. The meeting concluded with an interactive session where exporters discussed challenges and proposed suggestions for enhancing the business climate.