ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has expressed the resolve to take the Country towards economic stability in the next 14 months; however, he stressed it will require political stability.
In his address at the inaugural session of Turnaround Pakistan Conference being hosted by the Ministry of Planning and Development in Islamabad on Tuesday, he said that we will have to rise above personal interests and take such decisions which change destiny of the Country.
Shahbaz Sharif said that Pakistan will receive US$ 2 billion from the International Monetary Fund (IMF) but our ultimate goal is to achieve self-reliance as it only guarantees to independently take political and economic decisions.
Early this morning, the Government of Pakistan has received an MEFP from the IMF for combined 7th and 8th reviews.
— Miftah Ismail (@MiftahIsmail) June 28, 2022
The prime minister said that the Country is faced with serious challenges but it is our utmost effort to collectively steer the Country out of them. He expressed satisfaction that majority of the affluent class has accepted the super tax which will help generate Rs 230 billion.
The prime minister assured that this money will not be spent on current expenditures but will be used for economic development. He said that development schemes in this regard will soon be made public.
Turnaround Pakistan Conference where I will speak shortly is an expression of our intent to encourage our best brains to deliberate on the economic challenges & share their perspectives. We are determined to get Pakistan out of economic troubles on to the path of stabilisation.
— Shehbaz Sharif (@CMShehbaz) June 28, 2022
Furthermore, he said that we are importing coal from Afghanistan to address the issue of power outages, adding that since this transaction will be in Pakistani rupee, this will help Country save US$ 2 billion. He said that this coal is suitable for the power projects installed under the China Pakistan Economic Corridor (CPEC).
The prime minister asked participants of the Turnaround Pakistan Conference to give suggestions for uplifting agriculture and agro based industries and bolstering of exports besides that do away with obstacles in the way of businesses and investment.
