Prime Minister Shehbaz Sharif praised his government’s economic policies, citing reduced inflation, a lowered policy rate, increased remittances, and a surge in agricultural exports as signs of progress. Speaking to young PML-N parliamentarians, he emphasized that these “positive” economic indicators reflect that the country is moving in the right direction.
He highlighted the recent 2% policy rate cut, which he called a major relief for industrialists, investors, and exporters, and expressed optimism for further reductions. The Prime Minister also noted the significance of the IMF’s upcoming discussions on Pakistan’s $7 billion Extended Fund Facility (EFF) and thanked friendly nations like Saudi Arabia, China, and the UAE for their support.
Sharif pointed out that inflation had dropped to 9.6%, down from 32% last year, and urged the country’s traders to contribute to taxation efforts to eliminate dependence on IMF programs. He also stressed the importance of promoting IT exports and empowering the youth through education and skills to secure Pakistan’s future in the global community.
