Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed optimism about the economic future of Pakistan following the World Bank’s commitment to provide $20 billion over the next decade. This announcement came during a Federal Cabinet meeting on Tuesday, where the Prime Minister highlighted several key developments, including the operationalization of Gwadar International Airport and a record increase in IT exports.

According to a statement by Ministry of Information and Broadcasting, the World Bank’s financial commitment is part of the Country Partnership Framework, aimed at supporting inclusive and sustainable development in Pakistan. The funds are expected to be invested in various social sectors, further stabilizing the country’s economy.

During the meeting, Prime Minister Sharif emphasized the strategic importance of Gwadar International Airport. Constructed with a $230 million grant from China, the airport is expected to boost the economy not only of Balochistan but the entire nation. He underscored the importance of overcoming obstacles to the completion of the Gwadar Port, labeling such hindrances as acts of hostility against Pakistan.

The Prime Minister also highlighted the significant growth in IT exports, which reached $348 million in December of the previous year. He urged continued focus on expanding IT exports and reiterated the government’s commitment to promoting electric vehicles.

Additionally, Prime Minister Sharif acknowledged the government’s ongoing efforts to provide improved facilities for Pakistani pilgrims during Hajj. He praised the armed forces and the people of Pakistan for their sacrifices in combating internal threats, contributing to the overall stability of the country.