Pakistan PM says government wants private sector to lead economic growth

Prime Minister Shehbaz Sharif (center) chairing meeting on the country's economy in Islamabad on October 3, 2025. (Government of Pakistan)
Short Url
Updated 04 October 2025
Follow

Pakistan PM says government wants private sector to lead economic growth

  • Shehbaz Sharif chairs meeting to review strategies for boosting foreign direct investment
  • He says government will make Pakistan an attractive investment destination in the region

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said the government wanted the private sector to take the lead in strengthening the national economy as he chaired a high-level meeting on the country’s economic situation and foreign investment.

The meeting reviewed overall economic trends, ongoing and planned development projects and strategies to attract more foreign direct investment.

It took place as Islamabad pursues an International Monetary Fund-backed economic reform program and seeks to restore investor confidence through policy stability and transparency.

“The private sector will play a key role in planning economic activities and its inclusion will be ensured,” Sharif was quoted as saying in a statement released by his office after the meeting.

He directed relevant ministries and departments to provide all necessary facilities to international investors, adding that the government would leverage investment opportunities to improve public welfare and create jobs.

“Recent positive economic trends reflect foreign investors’ growing confidence in Pakistan’s economy,” he said. “Through transparency, formulation of economic policies in line with international standards and their swift implementation, Pakistan will be made an attractive investment destination in the region.”

The prime minister also said the government’s ongoing economic and structural reforms had “given the economy a new direction,” putting the country “on the path to development.”

The meeting also reviewed progress in energy, infrastructure, information technology and industrial projects.

Attendees included Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Field Marshal Syed Asim Munir and several key ministers.


Pakistan says multilateralism in peril, urges global powers to prioritize diplomacy over confrontation

Updated 8 sec ago
Follow

Pakistan says multilateralism in peril, urges global powers to prioritize diplomacy over confrontation

  • The country tells the UN international security system is eroding, asks rival blocs to return to dialogue
  • It emphasizes lowering of international tensions, rebuilding of channels of communication among states

ISLAMABAD: Pakistan warned the world community on Monday that multilateralism was “in peril” amid rising global tensions, urging major powers to revive diplomacy and dialogue to prevent a further breakdown in international security.

Speaking at a UN Security Council briefing, Pakistan’s ambassador to the UN, Asim Iftikhar Ahmad, said the world was drifting toward confrontation at a time when cooperative mechanisms were weakening.

His comments came during a session addressed by Finland’s foreign minister Elina Valtonen, chairing the Organization for Security and Co-operation in Europe (OSCE), the world’s largest regional security body.

Formed out of the 1975 Helsinki Final Act, the OSCE was designed during the Cold War to reduce tensions, uphold principles of sovereignty and human rights and promote mechanisms for peaceful dispute resolution.

“Today, the foundational ethos of international relations, multilateralism, cooperation and indivisible security, as envisaged in the preamble of Helsinki Final Act, is perhaps facing its biggest challenge in decades,” Ahmed said. “The OSCE, too, is navigating a difficult geopolitical landscape, with conflict raging in the heart of Europe for nearly four years, depletion of trust and unprecedented strains on peaceful co-existence.”

He said a return to the “Helsinki spirit” of dialogue, confidence-building and cooperative security was urgently needed, not only in Europe but globally.

“This is not a matter of choice but a strategic imperative to lower tensions, rebuild essential channels of communication, and demonstrate that comprehensive security is best preserved through cooperative instruments, and not by the pursuit of hegemony and domination through military means,” he said. “Objective, inclusive, impartial, and principle-based approaches are indispensable for success.”

Ahmed’s statement came in a year when Pakistan itself fought a brief but intense war after India launched missile strikes at its city in May following a militant attack in Indian-administered Kashmir. New Delhi blamed Pakistan for the assault, an allegation Islamabad denied while calling for a transparent international investigation.

The Pakistani diplomat said the international system was increasingly defined by bloc politics, mistrust and militarization, warning that such trends undermine both regional stability and the authority of multilateral institutions, including the UN itself.

He urged member states to invest more in preventive diplomacy and the peaceful settlement of disputes as reaffirmed by the Council in Resolution 2788.

Ahmad said Pakistan hoped the OSCE would continue reinforcing models of cooperative security and that the Security Council would back partnerships that strengthen international law and the credibility of multilateral frameworks.

The path forward, he added, required “choosing cooperation over confrontation, dialogue over division, and inclusive security over bloc-based divides.”