Posted 3/24/2024, 12:56:56 AM
Business Council Praises Pakistan's Solvency Progress But Urges More Economic Reforms
- Pakistan Business Council acknowledges progress on securing country's solvency but has concerns on other economic reforms
- Priorities include reducing inflation, lowering policy rate, stemming fiscal leaks, and competitive energy tariffs for exports
- Expenditure cuts unclear; tax revenue increases will take time
- Political consensus needed to renegotiate National Finance Award with provinces
- Structural reforms like privatization of distribution companies needed to reduce energy tariffs
