Punjab Finance Minister calls for modernization and formalization of Pakistan's retail and wholesale sectors at the 4th Pakistan Future of Retail Business Summit.

Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman highlighted the need to modernize Pakistan's retail and wholesale sectors, which contribute over Rs 20 trillion to the economy and employ over 10 million people. At the 4th Pakistan Future of Retail Business Summit, he noted that 90% of the sector is informal, urging regulatory reform to encourage formalization and enhance tax contributions. The Punjab government is implementing initiatives to support this transformation and improve competitiveness.

October 17, 2024
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