Punjab Forms Investment Advisory Committee to Boost Economic Growth

Lahore: In a key step to stimulate economic activity and attract greater investment, the Punjab government has established an Investment Advisory Committee dedicated to shaping strategic policy recommendations for improving the province’s investment landscape.

Chaired by Muhammad Muntaha Ashraf, Chairman of the Punjab Board of Investment and Trade (PBIT), the committee includes senior government officials, industry leaders, and investment experts. Its core mandate is to identify reforms that improve ease of doing business, recommend sector-specific incentives, and advise on policies to attract both local and foreign investment.

PBIT Chairman Muntaha Ashraf emphasized that this initiative reflects Punjab’s broader goal of creating a competitive, business-friendly environment that supports long-term economic growth. He noted that the committee would serve as a vital bridge between the public and private sectors, aiming to enhance investor confidence and streamline collaboration.

The committee will focus on reducing regulatory bottlenecks, simplifying investment procedures, and promoting high-potential sectors such as agribusiness, manufacturing, technology, and renewable energy. Its policy suggestions will directly contribute to the province’s investment strategy and development framework.

Welcomed by business associations and trade bodies, the formation of the committee is seen as a forward-looking move to rejuvenate Punjab’s economic momentum. The committee’s inaugural meeting is expected in the coming weeks, during which it will define its agenda and priority reforms.