Despite ongoing protests and efforts to destabilize the government, Prime Minister Shehbaz Sharif declared on Wednesday that Pakistan has managed to achieve significant economic stability and meet its fiscal goals.
In a briefing to the federal cabinet, Sharif acknowledged that protests had attempted to derail the economy but emphasized the success of his government in improving the financial landscape. He noted that the Federal Board of Revenue (FBR) had reached 97% of its December tax collection target, fulfilling its commitment to the International Monetary Fund (IMF).
The Prime Minister praised FBR officials for their efforts, particularly highlighting the contribution of Rs72 billion from the Alternate Dispute Resolution (ADR) process. Despite challenges, he commended FBR leadership for meeting ambitious targets.
Sharif also spotlighted a major win in digitizing Karachi Port operations, aided by a $6 million grant from the Bill Gates Foundation. The initiative reduced container processing times by 39%, boosting trade efficiency and transparency.
On the issue of smuggling, he lauded federal institutions and the military for curbing illicit sugar and petroleum trade, facilitating surplus sugar exports. He also shared positive news regarding remittances, with Pakistan receiving $15 billion in the first five months of the fiscal year. If this trend holds, remittances could exceed $35 billion by year’s end, setting a national record.
However, Sharif raised concerns about the resurgence of terrorism, blaming the Afghan government’s release of militants for the rise in attacks within Pakistan. He praised the sacrifices made by security forces and called for continued vigilance.
Concluding his address, Sharif emphasized his government’s commitment to integrity, asserting that nine months of governance have been free of scandals. He urged the nation to unite for prosperity in the year ahead, acknowledging both the challenges and triumphs of his administration.
NEWS DESK
PRESS UPDATE