NEW YORK, Sept 26 (Alliance News) – Federal Minister for Information, Broadcasting, National Heritage, and Culture, Attaullah Tarar, addressed a press conference in New York, crediting the government’s stringent measures and policies for stabilizing Pakistan’s economy.
He emphasized that inflation had significantly decreased, and prices of essential commodities had fallen due to the government’s efforts.
Tarar stated that a political party had attempted to push the economy toward default, but the government acted swiftly to prevent this, restoring economic stability.
He highlighted that inflation had decreased to single digits, dollar smuggling had been curbed, and IT-related exports had risen substantially.
International institutions such as Moody’s, Fitch, and Bloomberg have also recognized Pakistan’s economic improvement, with Bloomberg citing a positive outlook for Pakistan’s stock exchange.
Remittances from overseas Pakistanis have reached record levels, adding to the positive economic indicators.
The minister noted the successful agreement with the IMF, which is expected to further stabilize the economy.
Turkish President Recep Tayyip Erdoğan also praised Pakistan’s economic progress during a recent meeting.
Prime Minister Shehbaz Sharif’s meetings with various world leaders, including Bangladesh’s Chief Adviser Dr. Yunus, on the sidelines of the UN General Assembly were fruitful, strengthening Pakistan’s international relationships.
Tarar also addressed national security concerns, particularly Pakistan’s sacrifices in the war against terrorism.
He reiterated the government’s commitment to fighting terrorism under the National Action Plan and restoring peace in cities like Karachi. On the international front, he condemned Israel’s actions in Gaza and reaffirmed Pakistan’s unwavering support for Palestine.
In domestic matters, Tarar assured that the government is committed to providing relief to the public, citing recent subsidies on electricity and reduced prices for food and fuel.
He also touched on the government’s efforts to digitize and reform the Federal Board of Revenue (FBR), improving its efficiency.
