Islamabad:
Prime Minister Shahbaz Sharif has expressed confidence that pending tax cases of Rs 400 billion will be resolved, as appeared in the recent Sindh High Court decision, which has resulted in the government receiving Rs 23 billion.
In a recent cabinet meeting, discussing the achievements of the government, the Prime Minister highlighted the key reforms presented over the past one year. For the first time, Pakistan has successfully implemented e -governance, digitalized the Federal Board of Revenue and improved foreign exchange reserves from $ 4 billion to $ 12 billion.
However, he described the country’s government -owned businesses as “baseless” due to the loss of Rs 850 billion and emphasized the need to eliminate institutions to bring performance and reduce losses.
The Prime Minister announced that once terrorism is eliminated, investment will flow into Pakistan, which will enable it to regain the lost stature globally.
He was proud of the fact that for the first time in the history of Pakistan, all the state institutions were linked, they were working together for national prosperity. He emphasized the importance of increasing revenue, attracting investment and reducing the dependence on loans loans to secure the country’s bright future.
Referring to the economy, the Prime Minister reminded that when his government took power, Pakistan was on the brink of financial ending, with a default fear. However, through dedicated efforts, their administration successfully strengthened the economy.
He praised cabinet members and government officials for their role in the change, including the rapid decline in inflation, a decline in policy rate, increase in foreign remittances, increased foreign investment and foreign exchange reserves.
He emphasized that even more efforts are needed to maintain the pace of economic growth and transition with stability under the “Uran Pakistan” program. With the continuation of the policy, it predicted, Pakistan could become a $ 1 trillion economy by 2035.
The Prime Minister acknowledged Saudi Arabia’s recent $ 1.2 billion oil facility and acknowledged $ 2 billion in financial support to the President of the United Arab Emirates. He noted that friendly countries have helped to arrange $ 5 billion to meet the IMF financing and have given the army chief a key role in economic improvement as he worked together to seek international support.
Despite the challenges, Sharif said, Pakistan was on the path to economic recovery and long -term stability.
