Shehbaz Sharif, Pakistan economy, economic strategy, digital investment, youth employment, inflation

Shehbaz Sharif has directed authorities to formulate a comprehensive strategy to shield Pakistan from the economic impact of ongoing regional tensions, emphasizing the need to protect public welfare without disrupting production or supply chains.

Chairing a high-level review meeting in Islamabad, the prime minister stressed that both internal and external economic factors must be carefully assessed while designing the strategy. He highlighted that many countries are struggling to maintain supply-demand balance for essential commodities, but noted that Pakistan has so far managed the situation effectively.

Officials briefed the meeting that relevant ministries are monitoring developments daily to prevent shortages and ensure stability. The government is also working on plans to export surplus production after meeting domestic needs.

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The prime minister instructed authorities to develop medium- and long-term policies to counter rising global prices and reduce the impact of increased production costs on exports and overall economic output. He emphasized better coordination among institutions to maintain economic stability.

Separately, the premier reaffirmed support for foreign investment in the digital economy during a meeting with executives from VEON Group. He highlighted Pakistan’s progress toward digitalisation, including efforts to roll out 5G services and promote a cashless economy, aimed at attracting global investors.

In another meeting, Sharif underscored the importance of youth development, directing initiatives to expand vocational training and employment opportunities. He pointed to improvements in the National Vocational and Technical Training Commission and ongoing programmes to equip young people with skills aligned with international market demands.

The government, he said, remains committed to ensuring economic resilience, boosting investment, and creating opportunities for the country’s growing youth population.