PM Shehbaz urges shift from economic stabilisation to growth, job creation and export promotion

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday stressed the need to focus on sustainable economic growth, job creation and export promotion, saying the country had successfully restored macroeconomic stability through a collaborative effort. Addressing the gong ceremony in Karachi virtually to celebrate the listing of the Naya Nazimabad Apartment REIT scheme, the prime minister lauded the joint efforts of the federal and provincial governments and financial institutions in steering the economy out of severe challenges.

Recalling his recent interactions with international bankers and financial leaders in New York and London, including executives from Citibank, JPMorgan and Barclays and the managing director of the IMF, the prime minister said global financial institutions had commended Pakistan’s implementation of long-overdue structural reforms, which had created an attractive ecosystem for investment. He particularly thanked the finance minister, cabinet members, the Federal Board of Revenue (FBR) and federal secretaries for establishing a replicable model of teamwork that had helped achieve macroeconomic stability and put Pakistan back on the path to sustainable development. He said the successful implementation of reforms and restoration of macroeconomic stability were the result of a cohesive partnership between the political hierarchy and military leadership working in harmony.