PM Shehbaz calls for intensified crackdown on tax evaders

PM Shehbaz was briefed by the Ministry of Finance on recent discussions with an IMF delegation

Prime Minister Shehbaz Sharif on Monday directed authorities to intensify measures against tax evaders, underscoring the importance of accountability in driving economic stability.

Chairing a meeting to review the country’s economic situation, PM Shehbaz was briefed by the Ministry of Finance on recent discussions with an International Monetary Fund (IMF) delegation.

The prime minister said Pakistan is moving towards economic stability, attributing progress to government-led initiatives that have bolstered investor confidence and revitalised the stock market.

He highlighted a sharp decline in inflation, which fell from 38% to 7%, and a reduction in the interest rate from 22% to 15%, fostering business growth and creating new employment opportunities.

“Our economy is stabilising, and we are prioritising public relief,” said PM Shehbaz. “We are taking all necessary steps to fulfil promises made to the people.”

The prime minister also commended Punjab’s leadership for agricultural reforms while announcing a focus on increasing exports and remittances to strengthen foreign exchange reserves.

Calling for stricter action against tax evaders, PM Shehbaz said, “Tax evasion and its enablers will be held accountable. For national progress, everyone must shoulder their share of responsibility.”