Prime Minister Shehbaz Sharif said on Thursday that Pakistan has emerged from its economic crisis. He expressed confidence after inaugurating the National Regulatory Reforms initiative. The PM said reforms were long demanded by citizens and the business community.
Addressing the event, he highlighted that investors, industrialists, and traders were frustrated with complex laws, excessive regulations, and slow procedures. He said the government aimed to simplify processes and promote ease of doing business.
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He noted that when the government took charge, Pakistan’s economy was fragile, inflation was high, and policy rates were paralyzing growth. Business activity had stalled, and the country was close to financial default.
Sharif said the government faced these challenges with strategic planning and resilience. He also mentioned that the IMF approved a $1.2 billion tranche for Pakistan, supporting sustainable economic growth and foreign investment.
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The Prime Minister emphasized that youth are a vital national asset. The government is providing technical and professional training to empower young Pakistanis for future opportunities.