Govt through tough decisions averted default risk: PM

Prime Minister Shehbaz Sharif has said that Pakistan is out of risk of default due to difficult decisions taken by the coalition government.

The premier said the government is taking all possible steps to further strengthen the national economy and is striving with priority measures to reduce price hikes and provide relief to the masses.

PM Shehbaz expressed these views while talking to a delegation of Jefferies, a leading global investment banking and capital markets firm on Tuesday. Minister for Finance Ishaq Dar was also present during the meeting.

The prime minister regretted that unfounded rumours are being spread about the economy of Pakistan and reprehensible efforts are being made to create havoc.

Also read: Pakistan’s default risk worsens

He said the coalition government without caring for the political price, saved the country from the repercussions of the previous four years’ “maladministration” by the former PTI-led regime

He also reiterated that the government is making efforts to reduce the trade deficit and provide all possible facilities to foreign investors.

Welcoming the delegation, the prime minister invited the firm to open its office in Pakistan.

The delegation termed the economic recovery of Pakistan a good sign under the leadership of PM Shehbaz that faced the economic challenges in an effective manner and put the country on the path of economic stability.