ISLAMABAD: The Prime Minister Shehbaz Sharif on Monday directed for immediate initiation of discussions with the International Monetary Fund (IMF) regarding its Extended Fund Facility.
During a meeting on Monday, he said that the taxpayers, who were working for improving exports and value addition in the country’s economy, were the most important people for the government of Pakistan. He noted that such taxpayers would be encouraged at the government level.
Shehbaz Sharif also directed to start automation of FBR and other institutions, saying that automation was necessary to bring transparency in the Federal Board of Revenue.
He added the loss-making state- institutions would be privatized so that they might not become a burden on the country’s economy.
The prime minister also issued directives to form a committee to devise a strategy for reducing the privileges enjoyed by the members of boards of state-owned institutions.
He further directed to prepare a plan for the transition of power and gas sectors to smart metering in to reduce line losses.
PM Shahbaz directed to work out a strategy to reduce the size of the government by merging or shutting down those institutions that were no longer required.
He was of the view that that the Special Investment Facilitation Council (SIFC) was a very important step for country’s economic stability.
The Finance Secretary during the meeting gave a detailed presentation to the prime minister on the country’s overall economic situation.
