Gohar Ejaz calls for shift from stability to growth

Former caretaker federal minister and Chairman of the economic think tank Economic Policy and Business Development, Gohar Ejaz, said that Pakistan has achieved stability in key economic indicators and now needs to shift its focus toward policies aimed at accelerating economic growth.

He said that over the past three years, Pakistan has attained macroeconomic stability, with the currency stabilizing and the Pakistan Stock Exchange recording a 400 percent increase. Gohar Ejaz added that the policy rate is expected to decline further and move into single digits in the near future.

He noted that the privatization process of loss-making state-owned enterprises has successfully commenced, easing the fiscal burden on the economy. To sustain long-term economic growth, he emphasized that the reform momentum must continue.

Gohar Ejaz stressed the need for an export-led industrial policy, revitalization of the domestic economy through the construction sector, and incentives for a research-driven agricultural policy. He said future economic policies must prioritize public welfare, adding that after achieving stability, Pakistan must now focus on kick-starting economic growth.