AIRLINK 58.74 Increased By ▲ 0.75 (1.29%)
BOP 6.20 Decreased By ▼ -0.02 (-0.32%)
CNERGY 3.95 Decreased By ▼ -0.10 (-2.47%)
DFML 16.08 Increased By ▲ 0.38 (2.42%)
DGKC 67.48 Decreased By ▼ -1.07 (-1.56%)
FCCL 17.59 Decreased By ▼ -0.16 (-0.9%)
FFBL 25.91 Increased By ▲ 0.16 (0.62%)
FFL 9.17 Decreased By ▼ -0.14 (-1.5%)
GGL 9.82 Increased By ▲ 0.08 (0.82%)
HBL 112.95 Increased By ▲ 1.15 (1.03%)
HUBC 114.99 Increased By ▲ 0.19 (0.17%)
HUMNL 6.58 Increased By ▲ 0.14 (2.17%)
KEL 4.20 Decreased By ▼ -0.10 (-2.33%)
KOSM 3.59 Increased By ▲ 0.01 (0.28%)
MLCF 37.35 Decreased By ▼ -0.05 (-0.13%)
OGDC 116.69 Decreased By ▼ -0.51 (-0.44%)
PAEL 22.74 Decreased By ▼ -0.16 (-0.7%)
PIAA 10.76 Decreased By ▼ -0.59 (-5.2%)
PIBTL 6.22 Increased By ▲ 0.55 (9.7%)
PPL 104.26 Decreased By ▼ -0.99 (-0.94%)
PRL 26.47 Decreased By ▼ -0.08 (-0.3%)
PTC 9.55 Decreased By ▼ -0.05 (-0.52%)
SEARL 52.00 Decreased By ▼ -1.34 (-2.51%)
SNGP 65.15 Increased By ▲ 0.16 (0.25%)
SSGC 10.93 Decreased By ▼ -0.01 (-0.09%)
TELE 7.26 Increased By ▲ 0.10 (1.4%)
TPLP 11.97 Increased By ▲ 0.10 (0.84%)
TRG 77.22 Increased By ▲ 4.51 (6.2%)
UNITY 20.44 Decreased By ▼ -0.29 (-1.4%)
WTL 1.29 Decreased By ▼ -0.02 (-1.53%)
BR100 6,332 Increased By 45.7 (0.73%)
BR30 21,614 Increased By 27.8 (0.13%)
KSE100 61,914 Increased By 355.2 (0.58%)
KSE30 20,851 Increased By 132.3 (0.64%)
Pakistan

Pakistan on its way to overcoming economic challenges: PM Shehbaz

  • Says cost of living has added to citizen's woes, people cannot be left at mercy of disruption in global markets
Published April 28, 2023

Prime Minister Shehbaz Sharif reitered on Friday that Pakistan “is on its way to overcoming the economic challenges that have gripped it for the past few months”.

Addressing the passing out parade of the Pakistan Air Force (PAF) Academy Asghar Khan in Risalpur, he admitted that “tough decisions” taken by the government, at the cost of its political capital, hurt the economy.

These decisions included a hike in fuel prices, increase in electricity and gas tariffs and imposition of additional taxes to appease the International Monetary Fund (IMF) to disburse the next tranche of loan.

“I assure you that the government is making all-out efforts to bring the economy back on track. We are well on the way to overcome these challenges soon.”

PM Shehbaz also admitted on Friday that the “cost of living has added to people’s woes and adversely affected all walks of life but people cannot be left at the mercy of disruption in the global markets”.

The prime minister also said the country needed to “build resilience and protect its economy from global shocks”, which he said was possible by introducing structural economic reforms.

“We live in challenging times that are being shaped by an evolving regional and global environment. The interplay of geopolitical and geo-economic factors is having a profound effect on the world.”

“This is why I strongly support the charter of economy”.

Noting that Pakistan was a “peace-loving nation” that wished to maintain “friendly ties with all countries, especially our neighbours”, he warned that “our desire for peace must not be misunderstood as weakness”.

“There can be no peace in South Asia without a just and fair settlement of the Jammu and Kashmir dispute, in line with the UN resolution and the aspirations of the people of Kashmir,” he said.

“We condemn the human rights violations in India-Illegally Occupied Jammu and Kashmir, and urge the world to take note of the illegal changes introduced by India post-August 2019,” he said.

He cherished that PAF planes shot Indian jets in February 2019 when they illegally entered Pakistan’s airspace.

“The world saw how our brave sons humiliated the Indian Air Force in a show of exceptional skill and expertise,” the prime minister remarked.

“No other nation has been tested by a combination of challenges — such as terrorism, extremism and militancy — the way we have.”

Comments

Comments are closed.

Parvez Apr 28, 2023 04:39pm
What had Mr Dar been feeding him.....
thumb_up Recommended (0)
Tulukan Mairandi Apr 28, 2023 05:20pm
...by way of a default and meltdw
thumb_up Recommended (0)
zh Apr 28, 2023 09:43pm
This PM has successfully solved the economy problems by completely destroying it.
thumb_up Recommended (0)
Truthseeker Apr 29, 2023 01:21am
Hog wash continues!
thumb_up Recommended (0)