Prime Minister Shehbaz Sharif reaffirmed Pakistan’s commitment to honoring IMF agreements but stressed that excessive taxation is an unsustainable path for economic recovery. Speaking at the Pakistan Stock Exchange in Karachi, he emphasized the need for self-reliance and hinted at a future free from IMF dependency, declaring, “We’ll part ways with the IMF when the time is right.”
Highlighting Karachi’s rebirth as Pakistan’s economic powerhouse, the PM praised collective government efforts for rekindling the city’s vibrancy. “Karachi’s lights, once dimmed, now shine bright as a hub of trade and finance,” he noted, urging the stock market to fuel national growth.
Shehbaz also unveiled the “Uraan Pakistan” initiative, aimed at propelling the economy skyward. He celebrated milestones like the PSX crossing the 100,000-point mark and introduced the Faceless Customs Assessment System to streamline port operations. The system promises to reduce delays, enhance transparency, and elevate Pakistan’s trade efficiency.
Welcomed by Sindh Governor Kamran Tessori and Chief Minister Murad Ali Shah, the PM’s Karachi visit included engagements with business leaders, a tour of the South Asian Port Terminal, and a ceremony at the PSX. Accompanied by Finance Minister Ishaq Dar and others, he pledged continued reforms to strengthen the economy.
Through optimism and teamwork, PM Shehbaz vowed to steer Pakistan toward brighter horizons, balancing global commitments with local prosperity.
NEWS DESK
PRESS UPDATE