ISLAMABAD, Feb 17 (Alliance News): Prime Minister Shehbaz Sharif has welcomed the recent decline in inflation to single digits, expressing optimism about further economic improvement in the coming days.
Speaking to private TV on Monday, he noted that the central bank’s markup rate had also improved, signaling a positive economic trend.
The premier acknowledged the challenges faced when his government took charge but emphasized that efforts to stabilize the economy were yielding results.
While some progress has been made, he stressed that more work is needed to ensure long-term financial stability.
Criticizing the previous PTI-led government, PM Shehbaz blamed political divisions and hatred for hampering national progress. He urged unity among political stakeholders, asserting that mutual agreement is essential for the country’s development.
On governance, he reiterated his administration’s commitment to eliminating favoritism and implementing systemic reforms. He also praised the military’s sacrifices for national security and called for collective efforts to achieve sustainable growth.
Meanwhile, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial cautioned that economic growth must be pursued gradually and strategically. Speaking during Geo News’ special transmission “Aakhri Mauqa: Pakistan Kay Liye Kar Dalo,” he emphasized the need for a revised taxation structure to support economic recovery.
Pakistan, currently supported by the International Monetary Fund’s (IMF) $7 billion Extended Fund Facility (EFF), narrowly avoided a sovereign debt default.
However, challenges remain as efforts to privatize Pakistan International Airlines (PIA) and outsource Islamabad’s airport have not yet materialized.
