Budget 2023-24 envisages economic turnaround: PM

Islamabad: Prime Minister Shehbaz Sharif on Monday said that despite constraints imposed by domestic and global circumstances, Budget 2023-24 promises to turn things around and has outlined a clear path for this purpose.

In a tweet on Monday, Shehbaz Sharif said while experts are analysing the various facets of Budget 2023-24, he considers it important to highlight the special emphasis the government has placed on the growth-inducing sectors in the budget.

While experts are analysing the various facets of Budget 2023-24, I consider it important to highlight the special emphasis the government has placed on the growth-inducing sectors in the budget. The measures for the uplifting of Information Technology, agriculture, solarisation,…

— Shehbaz Sharif (@CMShehbaz) June 12, 2023

The Prime Minister said measures for the uplifting of Information Technology, agriculture, solarisation, youth development and other sectors were proposed after thorough deliberations. They are aimed at incentivizing innovation and entrepreneurship of Pakistan's talented youth and boosting productivity of agriculture and attracting investment in the agro-industry.

Shehbaz Sharif further said that at the same time, the government is working on a solarisation initiative to replace the costlier sources of power generation by harnessing the vast solar power. He added that affordable energy is key to economic growth and the provision of relief to the people. The procurement of crude oil from Russia is also part of the energy security plan.

The Prime Minister said achieving economic self-sufficiency remains the overarching goal where the economy is insulated from the external turbulence and shocks.