Deep rooted structural reforms have become inevitable to ensure macroeconomic stability: PM Shehbaz

ISLAMABAD, March 21 (SABAH): Prime Minister Mian Muhammad Shehbaz Sharif says deep rooted structural reforms have become inevitable to ensure macroeconomic stability and to put the country on path of development and progress.

Chairing Apex Committee meeting of the Special Investment Facilitation Council (SIFC) in Islamabad on Thursday, PM Shehbaz Sharif said there is a need to introduce structural reforms, including digitalization in the Federal Board of Revenue (FBR), to bridge the gap between receipts and expenditures. He said Rs 1350 billion can be saved by addressing these challenges.

PM Shehbaz Sharif said the federal government cannot handle these challenges without the cooperation of provinces. He expressed the belief that the federal and the provincial governments have the capacity to deal with these difficulties with unity and resolve. He urged all political stakeholders and provincial governments to join hands with the federal government for benefit of the country.

The Prime Minister further said the burden of tough decisions should be on those segments of society which have strength to absorb it. He said the poor man is already suffering from poverty and the government will have to protect him.

On the occasion, PM Shehbaz Sharif commended the outgoing caretaker government for taking steps to improve economy.