Promoting the growth of Industry Background 1 |

The growth pf the informal economy needs to be arrested by discouraging the use of cash and promoting digital solutions to document the economy. [...] 2 | P a g e The key reform measures for the energy sector are: • Federal government to restrict its role to removing the existing bottlenecks in power transmission infrastructure and to ensure that the merit order in generation is maintained; • Implement the terms of the MOU reached with IPPs to reduce the capacity charges and complete the renegotiation with those IPPs yet to be addressed; • Utili. [...] In the meantime, expedite the resolution of constraints affecting long term investment in safe and reliable supply of power to the country’s largest city and commercial centre. [...] The aim should be for higher tax revenues to flow from the combination of improved profitability of existing taxpayers and from broadening of the tax base. [...] The country’s exports will continue to be directed towards safer more evolved economies of the West, even if Pakistan needs to tap the higher-risk opportunities of the African and Central Asian markets to diversify and expand its exports.