Enemies of state working to spread hatred, instability in Pakistan: PM

Shehbaz Sharif also warned of the growing threat from internal and external elements working to destabilise Pakistan

Prime Minister Shehbaz Sharif stated that Pakistan's national security is directly linked to its economy, stressing that recent political unrest and protests had significantly harmed the country's economic stability.

Speaking during a security workshop at the National Defence University on Thursday, the PM pointed to the damage caused by protests, which included a sharp decline in the stock market.

He emphasised that the economy and national security must progress together, and the country was gradually moving in the right direction despite setbacks.

"First of all, congratulations to everyone, as our stock exchange has surpassed 100,000 points today," said PM Shehbaz, acknowledging that the achievement was the result of collective effort. "This is not my success or the finance minister’s, but the hard work of the entire team."

However, he noted that the recent protests and unrest, particularly the storming of Islamabad, had caused economic setbacks. "Just two days ago, due to the unrest, the stock exchange lost 4,000 points. But it has now recovered and exceeded the 100,000-point mark," he said.

PM Shehbaz also warned of the growing threat from internal and external elements working to destabilise Pakistan, describing the actions of those inciting violence as attempts to create chaos.

"Enemies of the state are working to spread hatred and instability. We must ensure the protection of Pakistan," he added.

Addressing Pakistan's economic crisis, the PM noted that in June of 2023, the country was on the brink of default.

However, through negotiations, Pakistan secured a 37-month agreement with the International Monetary Fund (IMF), avoiding default. He assured that Pakistan would not seek further financial assistance from the IMF after the current agreement.

Despite ongoing challenges, including rising terrorism in Khyber-Pakhtunkhwa and Balochistan, the PM stressed that Pakistan's progress was on track.

"Unfortunately, terrorism is resurging, and we are witnessing tragic incidents in K-P and Balochistan, but our armed forces continue to confront this threat bravely," he said, noting that the country had incurred a loss of $130 billion in the fight against terrorism.