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The Path To Financial Stability Hard But Not Unachievable: Shehbaz

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4 months ago

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Speaking as he lays out additional goals for the government to meet in order to reduce the public’s burden in the face of challenging economic times, Prime Minister Shehbaz Sharif described the decreasing inflation rate as encouraging.

In a speech to the Federal Cabinet in Islamabad, Prime Minister Shehbaz Sharif said that the state bank, finance ministry, and other pertinent Ministries should be commended for their efforts in bringing down the inflation rate in August, which is significantly lower than it was in 2017.

Even though the government is still committed to fostering equal opportunity and job creation, the premier acknowledged that achieving economic stability will take time.

Reducing cyclical debt is also a top objective, he said, but the government sector is focusing on rightsizing and downsizing in order to cut costs.

It will end, according to Shehbaz Sharif, the crooked revenue practices.

The youth of Pakistan, he continued, have been given great hope by the government, and they possess the ability and resources to lead their country out of difficulties.

Prerequisites for achieving a deal with the foreign donor would be fulfilled, Shehbaz Sharif stated in remarks regarding the IMF program.

His promise to make Pakistan’s final IMF programme was reaffirmed by him.

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

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5 days ago

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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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5 days ago

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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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