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The Path To Financial Stability Hard But Not Unachievable: Shehbaz

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3 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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Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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