ISLAMABAD: Prime Minister Shehbaz Sharif expressed satisfaction over the country’s improving economic situation, while also issued instructions to speed up actions against tax defaulters.
While presiding over a meeting to review the economic situation, the PM emphasized that all sectors must contribute to the nation’s development by paying their share of taxes. He issued a clear directive to expedite actions against tax defaulters, asserting that they would not rest until tax evaders and their accomplices face justice.
The Finance Ministry briefed the meeting on its recent discussions with the International Monetary Fund (IMF). In his remarks, PM Shehbaz said the country was moving towards economic stability. The stock market is booming thanks to the measures taken for economic development.
He further noted that foreign investors were increasingly expressing confidence in the government’s policies. He also underscored that the government would take all possible measures to deliver on its promises, stating that public welfare would be prioritised over every other measure.
Shehbaz shared that inflation had dropped from 38% to 7%, while the interest rate has decreased from 22% to 15%. He predicted that the reduction in borrowing costs would stimulate business activity and generate new employment opportunities. Due to rising exports and record remittances, the country’s foreign exchange reserves had bolstered, he added.
He praised Punjab Chief Minister Maryam Nawaz and the provincial government over agricultural reforms. These efforts, he said, were vital for ensuring sustainable growth in the sector and enhancing food security.
PM Shehbaz Sharif reiterated the importance of a collective effort in driving the country’s progress. “All sectors must actively participate in nation-building by paying their fair share of taxes,” he stated.
