Economic stability a means not end, says PM Shehbaz at World Governments Summit

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Prime Minister Shahbaz Sharif on Tuesday confirmed the government’s commitment to replace Pakistan under his five -year national economic change plan 2025, saying that economic stability is not a means.

Addressing the summit of the global governments in Dubai, 2025, “Despite great challenges, keeping our economy on a solid basis has been a central plaque that we have achieved in Pakistan last year.”

He pointed out that the headline inflation in January this year was 2.4 percent – which is the lowest in nine years, while the interest rate was limited to 12 percent, which is an important stimulus for private sector credit.

“Pakistan stands at a certain moment of economic change … Under the National Economic Transformation Plan, our five ES, and Pakistan, exports, e Pakistan, environment and climate change, energy and infrastructure and equity and empowerment. Focusing on this change, “he said.

The Prime Minister noted that energy safety and stability is not only an economic need but also national priority. “Pakistan is committed to gaining 60 % clean energy mixes by 2030 and transferring 30 % of all vehicles into power movement,” he said.

“We are rapidly scaling solar, wind, hydropower and nuclear energy. Our southern areas have 50,000 MW of unused air energy capacity. Our northern hydroelectric power projects have 13,000 MW of clean energy. The capacity will be added.

“The adoption of solar energy is being accelerated through custom reforms, tax exemptions, investment, privileges, pure measurements and customs duty exemptions on solar panels and other goods,” he added.

The Prime Minister added that Pakistan offers a very dynamic investment scene in Asia, 70 % of its young and tech lover’s population is under 30 years old. Class, our economy offers promising opportunities. “

“We are facilitating business rules and launching legal reservations and smooth investment approval to make Pakistan an important destination for global capital,” he added.

To invest in key sectors, Prime Minister Shahbaz said that special investment facility for renewable energy, flexible infrastructure technology and digital economy, minerals and industrial development and agricultural and food security. Has been done

He added, “Pakistan is accepting environmentally friendly agricultural innovations under the umbrella of the 2023 policy to enhance productivity and ensure food safety and strengthen our rural economy.”

He also said that the government was working to increase water efficiency through drip irrigation, precision cultivation, drought -free crops and water jet management.

He added, “We have renewable energy for field works and climate census to monitor the soil and weather conditions to modernize our farming system by reducing our environmental maps. Using sources, the solar -powered irrigation system is encouraging Agri -Tech innovations by deploying. ”

Although the government pursues the goals of development, he said, the basic priorities are focused around the development of societies, creating equal opportunities and building a prosperous future for the people.

The premiere noted, “The green economy needs a joint responsibility for global change … while we are fully committed to mobilizing domestic resources and policy reforms, international partnerships and financial support this purpose Important for achieving. ”

He said, “Only Pakistan energy transfer demands only $ 100 billion investment,” he called on governments to co -operate with climate support and technology and private investors clean. Demand to find energy and infrastructure opportunities.

The Prime Minister emphasized that Pakistan stands at the doorstep of a new era that prefers infrastructure development, economic diversity and human development.

He added, “The future is not something we inherit, but rather it is something we actively form … this summit is a global peace for all of us and for all of us. Let the sustainable prosperous future be attracted to the dawn. “

Prime Minister Shahbaz meets with the President of the United Arab Emirates

The Prime Minister met Al Nahyan on the occasion of a summit held in Dubai under the theme of ‘forming future governments’ in Dubai.

During the meeting, the two sides discussed bilateral trade and economic cooperation in addition to recent developments in the Middle East. Chief of Army Staff General Syed Asim Munir was also present at the meeting.

The two leaders discussed ways to deepen cooperation between Pakistan and the United Arab Emirates and seek opportunities to expand bilateral interests.

These talks focused on economic, trade and development sectors, among other sectors, as well as the views of the two countries for sustainable economic growth and prosperity.

The meeting also provided the opportunity to address the importance of the global government’s summit to identify global trends in governance and to propose a viable strategy to enhance global changes in navigation.

These discussions indicated the importance of accelerating development and the importance of taking advantage of these shifts to create a better future for all