– They say that the journey from Pakistan’s dark to light is the result of a ‘collective effort’.
– IMF claims government success to secure a $ 7 billion loan
Islamabad: Prime Minister Shahbaz Sharif said on Saturday that the country’s economy is to start after a one -year dedicated effort by the government’s economic team to restore stability.
He highlighted that the financial sector has overcome important challenges and is now on the path to recovery and development.
Addressing a program organized here to celebrate the Day of Tamir-and-Taraqi, the Prime Minister said, “The journey from Pakistan to light in one year is the result of a collective effort.”
He noted that the government successfully engaged with the International Monetary Fund (IMF) to secure a three -year program of $ 7 billion in September last year, which made the country default. Was stopped.
Although the IMF’s tough conditions faced challenges to the nation, he emphasized that the economy has now become stable and is ready to move towards permanent development and development.
He said that due to the IMF program, the salaried class suffered the most loss as it is now collectively paying a tax of Rs 300 billion. It also paid special tribute to the salaried class for cooperating in so many taxes. The Prime Minister said that the inflation rate has dropped from 40 % to 2.4 % in January 2025, which has reduced the policy rate.
He called on the business community to support the government’s efforts to strengthen the economy, emphasizing that their involvement is very important. He assured that the government would fully include the business community in the policy -making process, as economic growth could not be achieved without consulting the private sector.
He emphasized that the government was actively working to stop smuggling across the borders. The Prime Minister said, “By exporting sugar to Afghanistan legally, the government received $ 211 million in foreign exchange.
He acknowledged the dedicated and sincere efforts of the Pakistan Army and the law
Institutions implementing smuggling activities all over the country.
Regarding the government’s privatization policy, the Prime Minister said, “We are
Are now moving towards a massive privatization process, why the government does not have
Role in business activities.
The Prime Minister said that the elimination of terrorism from the country was almost abolished
However, in 2018, due to the poor policies of the subsequent government, the danger
The country was born again.
“Without throwing terrorism, the country cannot achieve the targets of development
And development, “he added. He said that the country needs peace, stability, unity, prosperity and economic growth for which people from all sections of society will have to work together.
The Prime Minister said he wanted to leave an inheritance that established the country
The path to sustainable development. He also expressed confidence that the government has recently launched a “Uran Pakistan” program and will succeed and will achieve all its stipulated goals.
Finance Minister Mohammad Aurangzeb said on the occasion that coming
The government’s sensible policies had successfully reduced the inflation rate
40 % to 2.4 % stand.
In addition, the policy rate was reduced by 12 %, which reduced the government’s debt service burden, he said and emphasized that for the first time in the country’s history, the government strictly structured structural reforms, correct Following size and pension improvement.
In his welcome address, Minister Prof. Ahsan Iqbal said that Pakistan’s economy has been lagging behind in the region due to lack of consistency and continuity of policies.
He expressed his confidence that under the Uran Pakistan program, the country would achieve the export target of $ 100 billion in five years. To achieve this target, the export industry will have to work for 24 hours, he said. He also proposed to exempt the exporting industry from national holidays.
Information Minister Ataullah Tarar said that the Prime Minister sacrificed his politics for the sake of the country. He said that the business community has always supported and supported the government in the country’s development journey.
President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh also spoke on the occasion.
