ISLAMABAD: The first meeting of the Economic Advisory Committee under the chairmanship of Prime Minister Muhammad (PM) Shahbaz Sharif was held, here on Tuesday.

PM Shehbaz decided to give key importance to consultation with economists and private sector in the country’s economic policies and reforms. The meeting discussed the country’s overall economic situation.

The PM asserted that the economic situation is better than before, adding that the government has been working to provide all facilities to private sector to extend economic development, business, investment and provision of jobs since the first day.

PM Shehbaz said that inflation ratio is coming down due to the government’s policies, adding that steps are being taken to convey effects of reduction in inflation to common man through good governance.

He further said that positive trend in Stock Exchange showed the trust of business community and investors in the government’s policies.

He maintained that business community and investors would be rendered more facilities in next budget, adding that the number of tax filers would be increased by decreasing the ratio of taxes levied on common people.

PM Shehbaz said that measures for the digitalization of the country’s economy are being taken on priority bases. He vowed that farmers would be supplied standard seeds and fertilizers to enhance production per acre.

Middle and small industries would be promoted to save agriculture production from being wasted, he added.

PM Shehbaz instructed to remove all hindrances in acquiring visas by foreign investors and businessmen.