Sign in Subscribe
Cabinet officials

Pakistan's Finance Advisor Emphasizes Importance of Economic Knowledge

Strategic Insights

— 1 min read

The Government of Pakistan's Advisor to the Finance Minister, Mr. Khurram Schehzad, highlighted the significance of economic knowledge in national development during the launch ceremony of ICMA Pakistan's "Budget 2025--26 Compendium: Insights, Analysis and Impact". The event brought together professionals, economists, and students to discuss the federal budget, with Mr. Schehzad urging the youth to equip themselves with economic knowledge to compete on merit. He also proposed the establishment of an incubation center to promote innovation in accounting practices and link students with investors.

Key Takeaways:

  • Mr. Khurram Schehzad emphasized the importance of economic knowledge in national development, urging the youth to equip themselves with this knowledge.
  • ICMA Pakistan's "Budget 2025--26 Compendium: Insights, Analysis and Impact" was launched, providing a comprehensive overview of the federal budget.
  • The government has focused on relief and recovery in the budget, with targeted support for the salaried class to ensure horizontal equity.
  • Key budget initiatives include affordable housing, financing for women-led startups, SME facilitation, and tariff reforms to boost exports and enhance competitiveness.
  • Pakistan's international credit ratings have improved, and overall economic risk has decreased.
  • Mr. Schehzad proposed establishing an incubation center to promote innovation in accounting practices and link students with investors.
  • He assured ICMA of his full support at both governmental and individual levels for this initiative.
  • ICMA's Director Research, Mr. Shahid Anwar, presented a token of appreciation to Mr. Schehzad for his support.

Statistics:

  • The federal budget has targeted support for the salaried class to ensure horizontal equity.
  • Affordable housing is a key initiative in the budget.
  • Financing for women-led startups and SME facilitation are also key components of the budget.

*Tariff reforms aim to gradually reduce duties over five years to boost exports and enhance competitiveness.

  • Pakistan's international credit ratings have improved.
  • Overall economic risk has decreased.

Sources:

  • Government of Pakistan.

Read more