The meeting was briefed on the policy recommendations for mobilizing finance for development, enhancing exports and strengthening SMEs, tax reforms, job creation impact of major policy actions and social protection priorities in Pakistan, in the light of the deliberated proposals of the working groups of the Economic Advisory Council.
The policy recommendations were finalised to focus on acceleration of under-utilised areas including agriculture, housing, small and medium enterprises in terms of incentives, reliance on export-oriented and labour intensive growth, reversal of anti-export bias, enhanced system automation and use of technology, transparency in trade regime, facilitating importers, job creation through skill development, ease of doing business through business friendly environment while focusing on productivity and moving on technology sophistication.
Prime minister Imran Khan approved the policy recommendations for a medium term structural reform framework of the economy. Prime Minister Imran Khan also approved a Social Protection Framework to ensure the vulnerable segments of the society are protected. The comprehensive social protection framework aims at overcoming the challenges of poverty, health, stunted growth, education and enabling the youth realise their potential and extricate themselves out of generational poverty traps.
Finalisation of these policies is for laying the foundation of a sustainable, inclusive, job creating and export-oriented economic growth strategy as part of the government's 100 Days Plan.-PR