PM Shehbaz Sharif Prioritizes National Economic Development at National Economic Council Meeting

Prime Minister Muhammad Shehbaz Sharif reaffirmed the government’s commitment to national economic development as he chaired a crucial meeting of the National Economic Council (NEC) in Islamabad. During the session, the Prime Minister emphasized investments in education, health, modern infrastructure, and technology as key drivers of economic progress.

Underlining the government’s vision for a prosperous Pakistan, Prime Minister Shehbaz Sharif highlighted the launch of the Green Revolution 2.0, a comprehensive initiative aimed at achieving self-sufficiency in agriculture. This ambitious endeavor seeks to transform the agricultural sector through innovative practices, boosting productivity, and ensuring food security.

The NEC meeting provided an opportunity for a detailed review of the economic goals, federal development program, and provincial development plans. Officials from the ministries of finance and planning presented budget statistics and provided insights into the Revised Development Budget for the fiscal year 2022-23.

Significantly, the NEC granted approval for the National Development Budget for the upcoming financial year 2023-24. The budget size for the national development projects has been set at 2,709 billion rupees, with a substantial allocation of 950 billion rupees designated for the Public Sector Development Program (PSDP).