Islamabad, Sep 27: Prime Minister Shehbaz Sharif declared that the government’s tough but necessary measures had caused inflation to drop to a single digit, indicating that Pakistan’s economy had showed strong indications of recovery.
“We have made tough but essential choices that have prevented our economy from collapsing, stabilized the macroeconomic environment, reined in budgetary deficits, and bolstered our reserves. Consequently, inflation has reached a single digit, the prime minister stated during his speech to the UN General Assembly at pm.
He stressed that his only goal since taking office in March of this year has been the advancement and prosperity of the 240 million people living in the nation.Pakistan, he continued, had placed a high priority on geoeconomics and regional connectivity because of its location at the intersection of the Middle East, South and Central Asia, and the region, in order to provide win-win outcomes for the people.
Regarding the historic China-Pakistan Economic Corridor (CPEC), Prime Minister Shehbaz announced the successful launch of its second phase. We are mobilizing investments in sustainable agriculture, renewable energy, resilient infrastructure, minerals, and technology through the Special Investment Facilitation Council (SIFC). This will usher in a new phase of growth and modernization,” he continued.
