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Results of Prudent Economic Policies. Fiscal restraint and reforms to stabilise the economy: Aurangzeb

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All sectors have significantly improved as a result of the government’s sensible economic measures, according to Finance Minister Muhammad Aurangzeb.

“The government is dedicated to building on the hard-earned macro-stability to further strengthen the country’s economy,” he added in a televised statement.

According to the Finance Minister, the nation’s GDP, which is currently worth $300 billion, is expected to grow to three trillion dollars by 2047.He claimed that because to the government’s implementation of economic reforms and display of fiscal restraint, the nation’s economy has now stabilised. Speaking on the recent IMF delegation visit to Pakistan, he stated that it is a continuous dialogue process and that talks on public finance, the privatisation agenda, and energy and SOE reforms were discussed. He added that he had met with counterparts from the US Treasury, the United Arab Emirates, Saudi Arabia, China, Turkiye, and representatives of many rating agencies. He stated that every sector must fulfil its proper part in revenue and taxation, as the government is strict about compliance and enforcement.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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