PM Shehbaz orders urgent formulation of economic reforms strategy

Prime Minister Shehbaz Sharif on Thursday chaired a high level meeting to discuss the country's current economic situation wherein he directed his economic team to formulate an economic reform strategy on an emergency basis.

The premier stated that the government was taking urgent measures to achieve economic stability. He directed his economic team to take critical measures for the economic uplift of the public, including countering inflation.

The finance ministry provided a detailed briefing to PM Shehbaz who expressed his concerns over worrisome economic indicators.

The meeting was attended by Pakistan Muslim League-Nawaz (PML-N) leaders, including Shahid Khaqan Abbasi, Ahsan Iqbal, Miftah Ismail, Marriyum Aurangzeb, Zubair Umar, Ayesha Ghaus Pasha, Tariq Mahmood Pasha, Bilal Kiyani and other senior officers.

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On Tuesday, the prime minister called an urgent meeting with leading economists to discuss in detail the current dire economic situation facing the country.

The premier called upon economists to aid in important decisions relating to economic and financial measures.

Shehbaz was briefed on the existing fiscal situation of the country and informed about the deficit and the current account.

The PM had earlier said the PTI-led government left the country’s economy in tatters with the current account deficit and other economic indicators “worsening”.