Islamabad: Prime Minister Shehbaz Sharif has termed the recent report of the global journal Bloomberg on Pakistan’s economic recovery as a manifestation of public confidence in government policies.
Bloomberg has stated in its report that Pakistan’s default risk has recorded a significant reduction during the last 12 months, which is being attributed to reforms and timely measures taken in economic sectors.
In a statement, the Prime Minister said that the report not only acknowledged the successful agreement with the International Monetary Fund (IMF) but also appreciated the timely repayment of loans.
Prime Minister Shehbaz Sharif said:
“Pakistan has shown the most improvement in the area of economic stability in the last twelve months. Our economy is moving rapidly towards a strong future, and this includes the hard work and dedication of our economic team.”
The Prime Minister also said that the improved economic indicators are proof that the government has succeeded in bringing the country out of economic difficulties and putting it on the path of development.
According to analysts, this report will have a positive impact on Pakistan’s economic reputation, and investor confidence may be further restored.
