Islamabad: In a resolute address during a federal cabinet meeting today, Prime Minister Shehbaz Sharif declared that no efforts to undermine Pakistan’s recent economic advancements would be tolerated. The meeting highlighted the significant strides made in stabilizing the nation’s economy, bolstered by support from key international partners and comprehensive policy reforms.
According to Ministry of Information and Broadcasting, Prime Minister Sharif lauded the improved economic indicators, citing the successful renegotiation of the IMF program with the backing of countries such as China, UAE, and Saudi Arabia, and a significant reduction in inflation rates from thirty-two percent to 6.9 percent. He emphasized the upswing in exports, remittances, and a buoyant stock market as evidence of Pakistan’s economic recovery. The Prime Minister also mentioned the digitization efforts at the Federal Board of Revenue aimed at expanding the tax base.
Sharif expressed concern over opposition from certain political factions that he claimed do not wish to see Pakistan progress. He highlighted the upcoming visit from a Saudi delegation expected to result in agreements and MOUs worth two billion dollars, as well as the hosting of the SCO heads of government meeting and an anticipated bilateral visit from the Chinese Premier.
The Prime Minister also addressed the recent tragic incident in Karachi, where two Chinese nationals lost their lives, assuring that maximum security measures are being implemented to protect foreign nationals in Pakistan.
The cabinet meeting began with a tribute to the security personnel who were recently martyred in acts of terrorism, reflecting the ongoing challenges the country faces amidst its economic pursuits.