Islamabad: Prime Minister Shehbaz Sharif has said that the government has put Pakistan’s economy back on the path of stability by taking difficult but inevitable decisions, and the journey of reforms is moving in the right direction.
Addressing the Economic Governance Reforms ceremony, the Prime Minister said that he was fully aware of the challenges faced when he assumed power, which is why attention was paid to restoring financial discipline and strengthening the government financial system.
He said that the government system has been digitized on a large scale, transparency has increased through e-procurement, while global credit rating agencies have also appreciated Pakistan’s economic improvement and reforms.
According to the Prime Minister, the privatization of the national airline and First Women Bank has been successfully completed, which is being described as a major achievement of the government’s reform agenda. He said that Pakistan has moved out of primary deficit and entered primary surplus.
In his address, the Prime Minister expressed his determination to make Pakistan an easier country to do business in, and the reform process will continue with full determination.
According to economic analysts, digital reforms and privatisation have improved governance; however, they warn that increasing public relief and employment opportunities will be the next big test. According to experts, maintaining the continuity of reforms is the most important challenge.
