Prime Minister Shehbaz Sharif has unveiled a transformative economic programme, ‘Uraan Pakistan,’ marking what he described as a defining moment for the country’s future. Speaking at the launch ceremony in Islamabad, attended by key government figures and institutional leaders, the prime minister emphasized the coalition government’s commitment to stabilizing and growing Pakistan’s economy.
In his speech, PM Shehbaz reflected on the challenging journey to economic recovery during the financial crisis of 2023. He highlighted the government’s determination to prioritize the nation’s well-being over political gains, especially when Pakistan faced the risk of default. Acknowledging the hurdles faced, he criticized certain opposition groups for trying to derail the IMF agreement, calling such actions unjust to the people. Despite these obstacles, the prime minister expressed pride in achieving macroeconomic stability and credited the efforts of both the government and its institutions for the success.
The prime minister praised the strong collaboration among government bodies, calling it unprecedented and vital for moving forward. He expressed hope that this unity would continue, helping Pakistan avoid past mistakes and achieve sustainable growth. While acknowledging the hardships faced by citizens due to inflation and economic challenges, he assured them that the current stability was just the beginning of a brighter future.
PM Shehbaz also criticized the previous government for straining Pakistan’s relationships with friendly nations, which he said led to international isolation. He promised to rebuild these ties and ensure that Pakistan plays a stronger role on the global stage. Expressing optimism, he stated that the current IMF agreement would be the last, and with hard work, the country could overcome its challenges. He added that inflation had decreased significantly and hinted at his desire to reduce taxes to ease the burden on the public.
Finance Minister Muhammad Aurangzeb also addressed the audience, elaborating on the goals of the Uraan Pakistan programme. He confidently stated that the initiative aims to elevate Pakistan’s economy to a global standard within three years. Highlighting recent successes, he mentioned the country’s first fiscal surplus in 24 years, a drop in inflation from 38% to 5%, and a significant improvement in the policy rate from 22% to 13%. He also noted the stock market’s exceptional performance and the rising confidence of both local and foreign investors.
Aurangzeb emphasized that Uraan Pakistan is not just a short-term plan but a foundation for long-term, sustainable growth. According to him, the programme represents a turning point in the nation’s economic stability and positions Pakistan for a brighter and more prosperous future.
With the launch of Uraan Pakistan, the government is aiming to usher in an era of economic transformation, resilience, and opportunity, fostering hope for a better tomorrow for all Pakistanis.
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