PM credits army chief for significant progress in curbing sugar smuggling
Economy has stabilised, ready for takeoff: PM Shehbaz
Prime Minister Shehbaz Sharif addressed a federal cabinet meeting on Wednesday, emphasizing the government’s commitment to economic stability and growth.
The PM expressed optimism, stating that the country’s economy has stabilized and is now ready for a "takeoff". He stressed the importance of increasing exports to drive development and lauded the improvement in economic indicators over the past nine months.
“Today, even the common man acknowledges the economic progress in nine months,” said Shehbaz Sharif, adding that no scandals have surfaced during his government’s tenure. However, he criticized political sit-ins for hampering economic progress and admitted that targets set by the International Monetary Fund (IMF) could not be achieved.
He emphasized the importance of the recently launched Uran Pakistan program, which he said would strengthen the country’s economy further. "If Pakistan's economic development is the goal, we will have to play an important role towards it," PM Shehbaz remarked, adding that stability would be brought to the economy and all priorities focused on this goal.
Key highlights from cabinet meeting:
- The government achieved revenue of Rs72 billion in December, indicating excellent performance.
- Remittances reached $15 billion in the current fiscal year, with a projected target of $35 billion if the trend continues.
- PM Shehbaz credited the army chief for significant progress in curbing sugar smuggling.
- All ministries have been directed to adopt e-governance and modern technologies to enhance efficiency.
- Approval of various legislative measures and formation of committees to regulate key sectors.
Diplomatic success:
Deputy Prime Minister and Foreign Minister Ishaq Dar briefed the cabinet on Pakistan's two-year term as a non-permanent member of the United Nations Security Council, which began on Wednesday.
As the meeting concluded, PM Shehbaz Sharif prayed for the prosperity of Pakistan in the new year and expressed hope that 2025 would be a year of happiness and progress for the nation.
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