ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Karachi on Wednesday for a day-long visit. During his time in the port city, he will attend several important meetings and inaugurate significant projects. Sindh Chief Minister Murad Ali Shah and Governor Kamran Tessori warmly received the Prime Minister upon his arrival.
The Prime Minister’s schedule includes a visit to the South Asia Pakistan Terminal (SAPT) at the Karachi Port Trust. This terminal plays a crucial role in Pakistan’s trade and maritime activities. The visit aims to highlight the importance of Karachi’s port and its contribution to the country’s economy.
FBR’s Faceless Customs System Launch
One of the key events of the visit is the inauguration of the Federal Bureau of Revenue’s (FBR) Faceless Customs Assessment System. This new system is designed to bring transparency and efficiency to the customs clearance process. By removing physical interaction, the system is expected to reduce corruption and streamline operations at the port.
The FBR’s Faceless Customs Assessment System will enable customs officers to assess and clear goods without direct contact with traders. This digital initiative will improve the clearance time, which is vital for Pakistan’s trade competitiveness. The move aligns with the government’s push for modernization and better governance in public institutions.
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Stock Exchange Ceremony and International Recognition
Later in the day, PM Shehbaz Sharif will visit the Pakistan Stock Exchange (PSX). The PM will attend a ceremony to honour the PSX for being recognized as the second-best performing stock exchange globally in 2024. This recognition is a significant achievement for Pakistan’s financial market and underscores the growing strength of its economy.
The Prime Minister’s visit to the PSX also highlights the government’s efforts to boost investor confidence and promote economic stability. Alongside the ceremony, PM Shehbaz will likely discuss future plans to enhance the country’s stock market and overall financial infrastructure.
Accompanying Delegation
PM Shehbaz is accompanied by several high-ranking officials, including Deputy Prime Minister and Foreign Minister Ishaq Dar. The delegation also includes Ministers Muhammad Aurangzeb, Attaullah Tarar, Ali Pervez Malik, and Coordinator for Health Dr. Mukhtar Bharath. Their presence underscores the government’s focus on key sectors such as foreign policy, health, and trade during the visit.
The Prime Minister’s visit to Karachi is part of his ongoing efforts to engage with regional leaders and promote economic development. By attending meetings with local officials and inaugurating vital systems, PM Shehbaz aims to ensure that Karachi remains a key economic hub in the country.
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