PM Shehbaz resolves to boost investment, takes aim at PTI on govt’s 1st anniversary

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Prime Minister Shahbaz Sharif on Tuesday reaffirmed his commitment to eliminate terrorism from the country for foreign investment in the country as the coalition government led by the PML -N completed its one year in power.

Addressing a special meeting of the Federal Cabinet meeting in Islamabad, the Prime Minister said, “We should work in unity rather than pull each other’s legs.”

The Prime Minister said that his administration with the help of allies strengthened the economy within a year in power.

Highlighting the coalition government’s economic achievements, including a significant reduction in the key rate of inflation and policy, the Prime Minister praised the cabinet members for the hard work.

“It’s been a year, leaving a controversial scandal, the opposition has failed to bring a fake scandal against the government. He added that what could be your bigger achievement.

The Prime Minister believed that the country was on the verge of bankruptcy when he took office a year ago.

He urged the International Monetary Fund (IMF) to write a letter and urged the global lender not to approve the loan for the cash -laden nation.

The Prime Minister said that they should work hard to provide sucachers in the holy month of Ramadan for all kinds of help and sympathy to the very helpless and economically weaker sections of the society, adding that the government has made 20 billion rupees to benefit 4 million deserving families through the digital wallet system.

He said that each family would get Rs 5,000, thus the new system would close the doors of all kinds of financial mismanagement which had badly damaged the work of entities like Utility Stores Corporation, calling the relief Initiative ‘Quantum Jump’.

With hard work, the government succeeded in achieving economic change and expelling the country out of the financial stress.

The Prime Minister said that all economic indicators are on a high scale and asked the members to work hard with dedication and determination as it is a prerequisite for making Pakistan a trillion economy for 2035 years.

He also thanked the leadership of all the partners of the allies in the government, including their support for their support in the most difficult times, including the PPP, MQM, BAP and the IPP.

“We have success on May 28 and not of May 9,” he said.

The Prime Minister, while highlighting the government’s efforts on economic stability, expressed confidence that the pending 400 billion tax cases pending in various courts would be decided by the Sindh High Court, which provided relief with Rs 23 billion to the government.

He highlighted the need to plug on the losses of RS -850BN by damaging state -owned businesses, which he has been described as ‘baseless’, which needs to be plugged, as well as the need to eliminate circular debt in the power sector.

The Prime Minister expressed hope that with collective efforts, Pakistan will strengthen and pressure the development of culture of forgiveness, love and tolerance in society.

He added that Pakistan, along with China, will soon launch its first joint astronaut mission.

He said that the journey is tied to challenges and difficulties but they will cross the path leading to development and prosperity.

Dar blamed the former government for the recent increase in terrorism

Expressing his views, Deputy Prime Minister and Foreign Minister Ishaq Dar said that when he looked back, in Nawaz Sharif’s time, Pakistan’s economy was ranked 24th.

He added that when he took the rule of the government, it was a major challenge because of the country’s current economic conditions, but through the implementation of solid direction and economic policy, Pakistan achieved economic stability.

He said that diplomatic isolation was over, Pakistan now became a member of the UNSC for 2025-26, adding that after a 27-year hiatus, multilateral international conferences like SCO and Girls Education were held in Pakistan.

The DPM regretted that in the past, the opposition party’s government’s overthrow policy has seen the return of strict terrorists and expressed confidence that through the test of theism, they will eliminate terrorism from the country.

Dar added that investment of more than $ 20 billion from Saudi Arabia, the United Arab Emirates, Azerbaijan and other countries of Pakistan will strengthen the country’s economy.

He also highlighted the dangers of climate change in Pakistan.

Finnam offers a review of the economy

Finance Minister Mohammad Aurangzeb, who presented an overview of the economy, said that the Pakistan Stock Exchange has increased by 71 % while the current account surplus is the highest in the current 20 years.

He informed that there were already plans to give rights to 43 ministries and their 400 affiliated departments, while pension reforms and agriculture tax were first introduced.

FBR revenue increased by 26 %. He added that other major steps were an introduction to the diagnostic system without facial, which saw the revenue of up to 60 % in the shortest time.

He said that all international financial institutions have praised the current government’s economic achievements in Pakistan.

Minister for Power Evas Ahmed Legisya told the meeting about comprehensive reforms, saying that these efforts have reduced the industrial cross subsidy of Rs 151 billion. By February 25, the price per unit was reduced to Rs 4.96, which would benefit consumers and the industry equally.

In addition, the performance of 104 IPP was evaluated, followed by 14 contracts with 14, 5 ineffective IPPs were abolished and 8 Baggas plants reached the contract.

He added that these measures resulted in the saving of 1,333 billion for a lifetime.

The Minister added that from the beggar facilities package, industries and consumers are taking maximum benefits, as well as a plan to get rid of the circular debt.

He also highlighted the progress made on the solarization of tube wells in Balochistan province, adding that 4,000 of the 27,000 tube wells had been replaced by solar and thus the project would save Rs 100 million in the power sector in the province.

– With extra input from the app.