In any economy, the state primarily serves as a facilitator, responsible for creating a stable and predictable environment in which businesses can invest, produce and compete. The incumbent federal government led by Prime Minister Muhammad Shehbaz Sharif has emphasised export-led growth anchored in the Small and Medium Enterprises sector, workforce skill development, technological upgradation, industrial infrastructure expansion and the establishment of Special Economic Zones. The broader objective is to enhance productivity and competitiveness of locally manufactured products in international markets while attracting foreign direct investment and expanding market access through structured government-to-government and business-to-business engagement.During the ongoing financial year 2025-26, the government has attempted to balance immediate stabilisation measures with short, medium and long-term structural reforms. Macroeconomic stabilisation alone cannot........

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