ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday said that Pakistan would send a high-level delegation to the United States for negotiations aimed at addressing tariffs and further strengthening bilateral trade relations.
The delegation will include prominent business figures and exporters from Pakistan, the prime minister said while chairing a meeting of the Economic Advisory Council (EAC) here.
Praising the government economic team, the prime minister said the team successfully negotiated with the International Monetary Fund (IMF) to convince it to reduce the electricity prices.
“With the reduction in power tariffs, the production cost of the industrial sector would also reduce, and as a result, the exports of the country will go up.”
The prime minister pointed out that with a reduction in the production cost of the local industries, the competition of the Pakistani products in the world market will improve.
He said industrial development was one of the top priority of the government that will help producing new employment opportunities.
“Due to the comprehensive advisory process, the sustainable development goals will become possible soon,” he said adding that the government was easing the process of investment and business by introducing reform measures in the taxation system and through information technology,” he remarked.
The prime minister further added that the stability of the economy, reduction in inflation, significant decrease in interest rates, increased trust from global institutions, and investment from friendly countries are the results of the hard work of the government’s economic team.
He emphasised that experts from various sectors included in the Economic Advisory Council will play an important role in national development through their valuable suggestions.
