PM Shehbaz satisfies with economic stability, investment boom

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif said that country’s economy was on path to stability and due to steps taken in this regard, stock market was showing brisk business.

He said that foreign investment was a reflection of confidence in the government’s policies.

The prime minister received a briefing from the Ministry of Finance regarding the country’s economy and the meeting with the IMF delegation.

The prime minister was briefed on the economic indicators and the current situation of inflation. The meeting was also briefed on the steps taken against tax evasion and those facilitating such theft.

The prime minister stressed that public relief should be accorded priority on all other steps and they were taking all possible measures to fulfill public promises.

He also expressed satisfaction over the sliding down of the inflation rate to 7 percent from 38 percent and said the interest rate was lowered from 22 percent to 15 percent which would spur business activities and create jobs opportunities in the country.

Prime Minister Sharif further observed that due to surge in exports and record remittances, the country’s foreign reserves had increased.

He also praised Punjab chief minister and the provincial government for reforms in the agriculture sector.

The prime minister directed for accelerating actions against tax defaulters, and reiterated to bring the tax evaders and their facilitators to book.

Also Read

NAP’s Apex Committee meeting postponed

ISLAMABAD:  The Apex Committee meeting on the National Action Plan (NAP) chaired...

“The country’s economy can progress well when all the stakeholders meet their responsibilities. All sectors should pay taxes to play their role in the national progress,”.