Prime Minister Shaybaz Sharif expressed optimism about resolving tax issues worth 400 billion rupees, citing the existence of the last Sanad Sanad Court, which provided the government with 23 billion rupees.
Speaking at the Council of Ministers, he identified economic reforms and the main governance that was presented during the past year. He highlighted the transition of Pakistan to electronic rule, the digitization of the Federal Revenue Council (FBR), and the increase in foreign exchange reserves from 4 billion dollars to $ 12 billion.
However, the state -owned institutions (SOES) made financial obligations, noting that its accumulated losses amounted to 850 billion rupees. He emphasized the urgent need to reform these entities to improve efficiency and reduce the financial exchange of the economy.
Sherif linked Pakistan’s economic revival to the continuation of terrorism, on the pretext that security improvements will attract investment and restore the country’s global position. He was proud of what he described as an unprecedented institutional alignment, as all state institutions work towards national progress. He stressed the importance of increasing revenues, securing investment, and reducing dependence on loans to ensure a sustainable economic future.
Thinking about the government’s economic administration, the Prime Minister recalled that Pakistan was about to collapse when he took office, and faces a possibility of a possible payment. However, through decisive measures, the government settled the economy.
The cabinet officials and the government have been registered for its main achievements, including low inflation and politics rates, an increase in foreign transfers, the height of foreign investment, and the strongest foreign exchange reserves.
Sharif stressed the need to move from economic stability to long -term growth under the “Pakistan Arenan” program. I expect that with fixed policies, Pakistan’s economy can reach $ 1 trillion by 2035.
He also confessed to financial support from the Kingdom of Saudi Arabia and the United Arab Emirates, noting that Ryad recently extended oil facilities worth $ 1.2 billion, while Abu Dhabi made financial aid. The commander of the army was restricted to play an important role in securing international financial obligations and facilitating economic recovery.
Despite the ongoing economic challenges, the Prime Minister reaffirmed that Pakistan was on a path towards stability and prosperity in the long run.
