PM Shehbaz stresses economic, political stability for national prosperity

Premier praises cooperation between the provinces and federal government in securing the IMF programme

Prime Minister Shehbaz Sharif stressed the critical need for both political and economic stability to ensure the country's progress and prosperity. Speaking at a meeting of the apex committee, he stressed that all stakeholders must play their part in fostering a stable environment, reported Express News.

The PM acknowledged the collective efforts behind Pakistan’s gradual economic stability, which he attributed to the hard work and integrity of both the federal government and the provinces. "I am deeply grateful to everyone for their contributions," he said.

He further highlighted that political and economic stability are interconnected, asserting that no society can advance without these pillars.

"For progress and prosperity, it is vital that we maintain both political and economic stability," he added. “We all must play a role in achieving this, and we must discuss these matters openly."

PM Shehbaz also praised the cooperation between the provinces and the federal government in securing approval for the International Monetary Fund (IMF) programme.

As a result of this cooperation, Pakistan's Stock Exchange has reached its highest level in history, inflation has dropped to single digits, and the interest rate has reduced from 22% to 15%, the PM noted. He also pointed out the significant growth in IT exports and remittances.

However, he cautioned that while these developments indicate progress, true economic growth and prosperity would only be realised through increased investment.

"Both local and foreign investment are key. Local investments will encourage foreign investments, and this is the only way forward," he explained.

He concluded by stating that the ongoing IMF programme would be Pakistan’s last, underscoring that this is the country’s final reliance on external financial support.