Introduction
Amid a challenging global economic environment, noted economist and policy analyst Meher has shared an optimistic perspective on Pakistan’s economic future, citing recent structural improvements and emerging growth signals. Her remarks, made during a national seminar on economic recovery, come at a time when the country is navigating reforms in taxation, digital governance, and fiscal management.
A Shift Toward Stability
Meher emphasized that Pakistan’s macroeconomic indicators—while still facing pressure from inflation and external debt—are beginning to reflect a trajectory of recovery. In her analysis, she pointed to:
-
Increased tax collection through digital integration and compliance measures by the Federal Board of Revenue (FBR)
-
A stabilizing Pakistani Rupee aided by prudent monetary policy and currency market interventions
-
Rising exports, particularly in textiles, IT services, and agri-based industries
-
The revival of small and medium enterprises (SMEs) as a cornerstone of domestic demand and employment
“These indicators, taken together, signal a return of confidence in the economy, both for domestic investors and international partners,” Meher noted.
Policy Reforms and Digitalization Driving Results
Meher credited the government’s ongoing tax reforms and automation of public services for boosting transparency and reducing leakages.
-
The introduction of track-and-trace systems in high-risk sectors such as tobacco and cement
-
Expansion of the Point of Sale (POS) integration for retail tax compliance
-
Enhanced use of the IRIS portal for online return filing and refund processing
-
Launch of Pakistan Single Window (PSW) to simplify import/export documentation
“These are not just compliance tools—they are game changers for economic efficiency and governance,” she said.
Private Sector’s Role in Sustaining Growth
According to Meher, the private sector, especially in tech, agriculture, renewable energy, and fintech, is poised to become the primary engine of growth.
She highlighted:
-
The rise of startups that are creating digital employment
-
Increasing investment in solar and green energy as a hedge against oil dependence
-
The importance of financing SMEs and women-led enterprises to unlock grassroots economic potential
She also urged for improved ease of doing business, streamlined regulatory approvals, and reforms in credit access for small enterprises.
Investment Climate and External Confidence
Meher welcomed recent developments including:
-
IMF program continuation and upcoming World Bank and ADB support packages
-
Improving remittance flows and foreign direct investment (FDI) in IT parks and industrial zones
-
Renewed interest in bond markets and local treasury instruments
“These reflect growing external confidence that Pakistan is stabilizing its fundamentals. What we need now is policy continuity,” she emphasized.
Challenges Ahead
Despite her optimism, Meher acknowledged challenges that need to be tackled proactively:
-
Persistent inflation, especially in food and fuel prices
-
High energy tariffs affecting industrial competitiveness
-
Debt servicing pressures and the need for long-term fiscal discipline
-
Youth unemployment and the urgency of skilling initiatives
She called for institutional accountability, public-private dialogue, and investment in education and vocational training to ensure inclusive growth.
Conclusion
In Meher’s view, Pakistan’s economy is “past the survival phase and entering a rebalancing stage.” With the right reforms, stable policy execution, and an enabling environment for private enterprise, Pakistan can unlock long-term economic sustainability and social resilience.
Her message to policymakers and business leaders was clear:
“We don’t need miracles—we need management, consistency, and investment in our people. The potential is already here.”
About Sterling Consultancy
We support SMEs, corporates, and institutions in managing financial compliance, tax strategy, and regulatory reporting. Stay updated with expert insights, market analysis, and policy briefings.
