ISLAMABAD, Nov 18 (Alliance News): Prime Minister Muhammad Shehbaz Sharif on Monday affirmed that Pakistan’s economy is on a path to stability, noting the robust activity in the stock market as a positive sign of confidence in the government’s policies. He stated that foreign investment was a direct reflection of this confidence.
The Prime Minister received a detailed briefing from the Ministry of Finance on the country’s economic status and the recent discussions with the IMF delegation. He was updated on key economic indicators, including inflation trends, and the actions being taken against tax evasion.
PM Sharif expressed satisfaction over the decline in inflation from 38% to 7% and welcomed the reduction in the interest rate from 22% to 15%, emphasizing that these measures would stimulate business activities and create jobs.
The meeting also highlighted the positive impact of increased exports and record remittances on Pakistan’s foreign reserves.
PM Sharif praised the provincial government’s reforms in the agriculture sector and urged faster action against tax defaulters. He stressed that all sectors must fulfill their tax obligations for the nation’s economic growth.
The meeting was attended by senior officials, including ministers Muhammad Aurangzeb, Ahad Khan Cheema, Attaullah Tarar, Dr Mussadik Malik, Ali Pervaiz Malik, and others.
