In a bid to revitalize Pakistan’s economy, business leaders have urged Prime Minister Shehbaz Sharif to initiate trade discussions with India, recognizing the potential benefits for commerce and industry. During an interactive session at the Sindh CM House in Karachi, concerns over economic challenges and political instability were raised, underscoring the need for proactive measures to stimulate growth.
While acknowledging the government’s efforts to address economic issues, industry leaders emphasized the difficulties faced by businesses, citing high energy costs and inconsistent policies as significant obstacles. Amidst calls for political stability, the business community highlighted the imperative of constructive dialogue with India to unlock trade opportunities and bolster the economy.
Despite strained bilateral relations following India’s revocation of Article 370 in Jammu and Kashmir in 2019, business leaders advocated for a pragmatic approach towards reestablishing trade ties. They urged Prime Minister Sharif to pursue diplomatic initiatives, including engaging with imprisoned political figures, to foster stability and create an enabling environment for economic progress.
In response, Prime Minister Sharif expressed receptiveness to the suggestions, pledging to prioritize economic growth and engage with stakeholders across the country. He underscored the importance of collaboration between the government and the private sector to chart a path towards sustainable development, emphasizing the potential for Pakistan to emulate the economic success of neighboring countries.
Drawing inspiration from Bangladesh’s remarkable economic transformation, Prime Minister Sharif emphasized the need for concerted efforts to leverage Pakistan’s industrial and agricultural potential. He urged the business community to join forces in driving genuine economic growth and doubling exports within the next five years, echoing a vision for prosperity and progress.
As Pakistan navigates economic challenges and seeks avenues for recovery, the call for constructive engagement with India underscores the significance of regional cooperation in fostering stability and prosperity. With a commitment to dialogue and pragmatic policymaking, Pakistan aims to harness its economic potential and chart a course towards inclusive growth and development.
