Prime Minister Calls for Unified Efforts to Bolster Pakistan’s Economy

Islamabad: Prime Minister Shehbaz Sharif has urged for collective efforts to strengthen Pakistan’s economy, emphasizing that national security is intrinsically linked to economic security.

According to Ministry of Information and Broadcasting, during his address at the 26th Security Workshop of the National Defense University in Islamabad, Sharif highlighted the interdependence of national and economic securities. He expressed confidence in the country’s current trajectory, noting that the Stock Exchange had reached an unprecedented milestone of 100,000 points. Sharif announced plans to unveil a “Home Grown Plan” aimed at transforming Pakistan’s economic landscape.

Sharif acknowledged the sacrifices made by various sectors of society, including military and civilian personnel, in combating terrorism. He noted a resurgence of terrorist activities, particularly in Balochistan and Khyber Pakhtunkhwa, attributing these to external anti-Pakistan elements. The Prime Minister also referenced recent unrest in Islamabad, suggesting that destabilizing efforts were aimed at undermining economic progress.

Addressing economic challenges, Sharif emphasized the importance of enhancing exports to mitigate external debt issues, a focal point of the forthcoming economic plan. He also highlighted the significant circular debt in the power and gas sectors, totaling 2.5 trillion rupees, and outlined government efforts to address these through improved management and reducing inefficiencies.

Sharif further advocated for expanding the tax base and curbing tax evasion. He confirmed the Apex Committee’s decision to launch operations against foreign-funded secessionist movements in Balochistan under the Azm-e-Istehkam initiative, aiming to ensure the region’s development and stability.

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