PM Shehbaz pushes industrial growth, foreign investment as key to economic revival

• Premier stresses skilled trades and industry as pillars of economic progress, directing ministries to integrate modern technology across key sectors

• Calls for enhanced foreign investment to boost sustainable growth, saying policy focus must remain on public welfare and national prosperity

• Emphasises reforms to increase domestic production and exports, ordering renewable energy strategy to meet future power needs

• Calls for comprehensive electric vehicle policy to ensure affordable transport, stressing inter-ministerial coordination, transparency and reform efficiency

 ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday emphasized that the promotion of industry and skilled trades, along with enhanced foreign investment, is indispensable for the country’s economic progress, directing all ministries to ensure meaningful expert consultation for the integration of modern technologies across various sectors of the economy.

Chairing a high-level review meeting on policy measures and reforms aimed at boosting investment and overall economic growth, the prime minister underscored the need for sectoral reforms, industrial expansion and increased foreign investment to ensure sustainable economic development. He said long-term economic policies must remain focused on public welfare and national prosperity, according to a statement issued by the Prime Minister’s Office (PMO).

Prime Minister Muhammad Shehbaz Sharif chairs progress review meeting on sectoral reforms. Islamabad, 2 June 2026. pic.twitter.com/dhfWMMN1LG

— Prime Minister's Office (@PakPMO) June 2, 2026

He emphasized that effective policy interventions to increase domestic production and expand exports were among the government’s key priorities. “Industrial products must contribute not only to increased local manufacturing but also to higher export volumes,” he said.

The prime minister directed that reforms across the industrial, commercial and economic sectors should be designed with a focus on long-term economic gains and public welfare.

اسلام آباد : 2 جون، 2026.

وزیراعظم محمد شہباز شریف نے سرمایہ کاری میں اضافے اور معیشت کی مجموعی ترقی کے لیۓ شعبہ جاتی اصلاحات اور پالیسی اقدامات پر جائزہ اجلاس کی صدارت کی.

اجلاس سے گفتگو کرتے ہوئے وزیرِ اعظم نے کہا کہ ملکی معیشت کی پائیدار ترقی کے لئے صنعت وحرفت کا فروغ اور… pic.twitter.com/yM8YOAlc7B

— Prime Minister's Office (@PakPMO) June 2, 2026

He also highlighted the government’s efforts to develop a comprehensive strategy for meeting future energy needs through alternative and renewable energy sources.

Addressing the transportation and energy sectors, Shehbaz Sharif said a comprehensive and effective electric vehicle policy was the need of the hour to promote energy conservation and provide affordable transport solutions to the public.

He instructed all ministries to ensure meaningful consultation with experts to facilitate the integration of modern technologies across various sectors of the economy. Stressing inter-ministerial coordination, the prime minister said all ministries must work in close collaboration to formulate and implement effective development policies.

The premier further stated that transparency in governance and optimal performance in all reform initiatives remained among the government’s top priorities.

During the meeting, relevant ministries briefed participants on various policy proposals currently under consideration.

The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Economic Affairs Minister Ahsan Iqbal Cheema, Information Minister Attaullah Tarar, Climate Change Minister Musadik Malik, Power Minister Awais Leghari, Petroleum Minister Ali Pervaiz Malik, Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar, Director General of the Special Investment Facilitation Council (SIFC) Major General Asad Rehman Cheema, and senior officials from relevant institutions.