BAFL 45.66 Increased By ▲ 0.56 (1.24%)
BIPL 20.08 Decreased By ▼ -0.17 (-0.84%)
BOP 5.34 Decreased By ▼ -0.06 (-1.11%)
CNERGY 4.54 Increased By ▲ 0.01 (0.22%)
DFML 16.01 Increased By ▲ 0.33 (2.1%)
DGKC 78.62 Increased By ▲ 5.74 (7.88%)
FABL 27.80 Increased By ▲ 0.65 (2.39%)
FCCL 18.86 Increased By ▲ 1.21 (6.86%)
FFL 8.96 Decreased By ▼ -0.13 (-1.43%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 111.54 Increased By ▲ 0.88 (0.8%)
HUBC 122.23 Increased By ▲ 0.71 (0.58%)
HUMNL 7.69 Increased By ▲ 0.34 (4.63%)
KEL 3.29 Increased By ▲ 0.06 (1.86%)
LOTCHEM 27.80 Increased By ▲ 0.48 (1.76%)
MLCF 42.36 Increased By ▲ 3.03 (7.7%)
OGDC 110.37 Increased By ▲ 2.37 (2.19%)
PAEL 18.97 Increased By ▲ 1.41 (8.03%)
PIBTL 5.46 No Change ▼ 0.00 (0%)
PIOC 114.91 Increased By ▲ 6.91 (6.4%)
PPL 94.72 Increased By ▲ 2.97 (3.24%)
PRL 25.32 Increased By ▲ 0.44 (1.77%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 64.32 Increased By ▲ 1.22 (1.93%)
SSGC 12.26 Increased By ▲ 0.37 (3.11%)
TELE 8.36 Increased By ▲ 0.17 (2.08%)
TPLP 13.35 Increased By ▲ 0.24 (1.83%)
TRG 83.84 Increased By ▲ 2.23 (2.73%)
UNITY 25.89 Increased By ▲ 0.14 (0.54%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
BR100 6,308 Increased By 126.6 (2.05%)
BR30 21,973 Increased By 434.1 (2.02%)
KSE100 61,691 Increased By 1160 (1.92%)
KSE30 20,555 Increased By 366.1 (1.81%)

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 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 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)

Pakistan on its way to overcoming economic challenges: PM Shehbaz

Honour climate financing, PM asks developed world

CJP’s office says he’s ‘fully cognizant of his constitutional duties’

Expenditures: Higher mark-up payments may put big pressure: MoF

New regulatory safeguards placed to protect investors: SECP chief

BIT template issue settled: Crucial FTA with GCC finalised

David Warner included in settled Australia squad for first Pakistan Test

‘ACSR bunting conductor issue’ Senate Secretariat withdraws letter of Senator Abro

Water supply project: Sindh govt signs Rs51.6bn contract with Kuwaiti firm

Trump calls on supporters to 'guard the vote' in Democratic-run US cities

One dead, two injured after man attacks tourists near Paris' Eiffel Tower