F.P. Report
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif says the government is focusing on strengthening industries, promoting agriculture sector and boosting exports, especially through IT-led exports.
He was addressing a special ceremony in Islamabad in connection with the ‘Day of Development and Progress,’ on completion of one-year of the current government in power.
Reflecting on the past year, the Prime Minister stated that Pakistan has made significant progress, shifting from a state of darkness toward light.
The Prime Minister recalled that in June 2023, International Monetary Fund program was in disarray, and inflation was heavily impacting the people. However, with the support of the Islamic Development Bank, Pakistan was able to secure a Stand-By Arrangement from the IMF, preventing the country from defaulting.
He also highlighted that the salaried class paid taxes amounting to three hundred billion rupees, which he credited as a part of the country’s financial recovery.
He said due to the government’s continued efforts; inflation has also decreased.
The Prime Minister urged the business community to present proposals to further strengthen the economy.
Discussing measures to combat smuggling, the Shehbaz Sharif noted that Pakistan have successfully exported sugar worth two hundred and eleven million dollars to Afghanistan, which is a result of the government’s strict anti-smuggling efforts.
On the issue of law and order, the Prime Minister expressed concern over the resurgence of terrorism, which had been completely eradicated in 2018.
He emphasized that without addressing terrorism, Pakistan’s dream of becoming a prosperous and developed nation would remain elusive.
He also paid tribute to the sacrifices made by Pakistan’s armed forces in the fight against terrorism.
Earlier, addressing the ceremony, Minister of Information and Broadcasting Attaullah Tarar highlighted the political sacrifices rendered by the government to save the country.
He said the initiatives taken to provide education and laptops to the youth will help contribute to the nation’s progress.
On the occasion, Minister for Finance Muhammad Aurangzeb outlined the government’s strong performance, citing the increase in foreign exchange reserves and a reduction in the policy rate.
He said that the government is also working on transforming the technology infrastructure within the Federal Board of Revenue and highlighted key initiatives such as the privatization agenda, rightsizing the federal government, and bringing pension reforms.
