{"id":5001,"date":"2025-12-14T04:24:11","date_gmt":"2025-12-14T04:24:11","guid":{"rendered":"https:\/\/aitadal.com.pk\/eng\/business\/pm-shehbaz-says-economy-out-of-the-woods-key-indicators-show-wonderful-performance-pakistan\/"},"modified":"2025-12-14T04:24:11","modified_gmt":"2025-12-14T04:24:11","slug":"pm-shehbaz-says-economy-out-of-the-woods-key-indicators-show-wonderful-performance-pakistan","status":"publish","type":"post","link":"https:\/\/aitadal.com.pk\/eng\/pakistan\/pm-shehbaz-says-economy-out-of-the-woods-key-indicators-show-wonderful-performance-pakistan\/","title":{"rendered":"PM Shehbaz says economy \u2018out of the woods\u2019, key indicators show \u2018wonderful\u2019 performance – Pakistan"},"content":{"rendered":"


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Prime Minister Shehbaz Sharif said on Saturday that the country had exited a period of economic turmoil and jeopardy, with its key indicators now showing \u201cwonderful\u201d performance due to the government\u2019s efforts.<\/p>\n

The latest International Monetary Fund (IMF) projections for Pakistan suggest that the immediate risk of an economic free fall has eased<\/a>, but the country remains locked into a narrow stabilisation path, marked by weak growth, heavy debt, and limited relief for households.<\/p>\n

Projections <\/u><\/a>by the Fund, released early on Tuesday alongside the statement announcing a fresh disbursement <\/u><\/a>of around $1.2 billion to Pakistan, showed that the country\u2019s economic growth was projected to inch up from 2.6 per cent in FY2024 to 3.2pc by FY2026.<\/p>\n

Addressing the launch ceremony of the National Regulatory Reforms in Islamabad, the prime minister said the national economy was in a very difficult situation when the current government took the reins.<\/p>\n

\u201cThrough our outstanding teamwork, excellent planning and untiring efforts, I can say today with a sense of relief and achievement that Pakistan is economically out of the woods; our mega indicators are wonderful,\u201d he said, pointing to the news of the recent release<\/a> of the $1.2bn IMF tranche.<\/p>\n

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The premier said the government was now focused on and discussing how to move forward and grow the economy with foreign investment in \u201cattractive areas of mutual benefits\u201d such as agriculture, information technology, and mines and minerals.<\/p>\n

\u201cWe have a very young population, a youth bulge. We are offering them vast opportunities for vocational training and with international certification. They will find productive jobs not only in Pakistan but abroad, making Pakistan richer and prosperous.\u201d<\/p>\n

He termed the launch of the regulatory framework as a \u201cquantum jump\u201d that would facilitate the business community, industry, agriculture and foreign direct investment, adding that it would also eliminate the \u201cimmense waste of time and resources\u201d in the country that led to corruption and nepotism.<\/p>\n

\u201cWe are able to now announce and let the nation know \u2026 that the government is fully aware of the challenges of the day and they are ready to walk with them with the speed they want us to walk,\u201d the premier added.<\/p>\n

PM Shehbaz also thanked the British government for its support.<\/p>\n

The prime minister said that the United Kingdom had been a great partner in the country\u2019s progress.<\/p>\n

He also said that Pakistan had a \u201cwonderful relationship\u201d with the United States and was looking forward to a \u201cwonderful time of mutual cooperation\u201d.<\/p>\n

Earlier, Special Assistant to PM for Industry and Production Haroon Akhtar Khan said today was more than a policy moment as it also marked a turning of the page.<\/p>\n

He said that, among the many reforms the government was undertaking, one stood out as foundational: the transformation of Pakistan from a regulatory state into a developmental state.<\/p>\n

Khan added that the regulatory reform was not an isolated effort, but part of a wider transformation guided by three pillars: tariff rationalisation, regulatory modernisation, and export-led industrial revival.<\/p>\n

\u201cUnder the new national tariff policy, we are moving towards predictability, competitiveness and phasing out of arbitrary duties,\u201d he added.<\/p>\n

UK Minister for International Development and Africa Baroness Jenny Chapman also highlighted the full potential, prospects of entrepreneurship, availability of natural resources and Pakistan\u2019s place at the centre of global trade.<\/p>\n

Terming the reforms as a positive achievement, she said these were the ambitions that both the UK and Pakistan shared.<\/p>\n

\u201cThe links between our people play a huge part in the flow of trade and investment between our two countries as well. Trade is now at 5.5bn pounds a year. We\u2019ve got a new trade dialogue and we\u2019re supporting Pakistan\u2019s efforts to work with the 1.6 million-strong Pakistani diaspora in the UK to unlock private capital,\u201d she added.<\/p>\n<\/p><\/div>\n


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Prime Minister Shehbaz Sharif said on Saturday that the country had exited a period of economic turmoil and<\/p>\n","protected":false},"author":1,"featured_media":5002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40,37],"tags":[],"class_list":["post-5001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan"],"acf":[],"yoast_head":"\nPM Shehbaz says economy \u2018out of the woods\u2019, key indicators show \u2018wonderful\u2019 performance - Pakistan - Aitadal News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aitadal.com.pk\/eng\/pakistan\/pm-shehbaz-says-economy-out-of-the-woods-key-indicators-show-wonderful-performance-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Shehbaz says economy \u2018out of the woods\u2019, key indicators show \u2018wonderful\u2019 performance - 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