Prime Minister of Pakistan, Shehbaz Sharif has declared that 2025 will be a year of economic growth for Pakistan, stating that the country’s economy is already showing significant improvement.
He emphasized that economic stability is linked to political stability and highlighted the government’s efforts in addressing internal and external challenges over the past nine months.
He also stressed the need to curb rising terrorism and welcome the Parachanar peace agreement.
Speaking at the Special Investment Facilitation Council (SIFC) meeting, PM Shehbaz Sharif pointed out the economic achievements during 2024, saying that the year achieved a historic decrease in inflation to 4.1%, the lowest level in 6.5 years.
2024 witnessed a reduction in interest rates and also saw a 34% increase in remittances over five months.
The exports recorded a significant rise and the foreign reserves grew from $4 billion to over $12 billion. And the stock market reached its highest level in history.
He attributed the success to connecting collaborative efforts of the government at institutions ending up that collective action is necessary for continued progress and prosperity.
The Prime Minister highlighted major achievements in combating smuggling. Rice exports generated 4 billion in foreign exchange. And the sugar export contributed $500 million by preventing illegal smuggling.
Additionally, PM Sharif noted advancements in logistics, such as transportation to Russia via NSC and ongoing agreements with countries like Saudi Arabia, UAE, and Qatar in various sectors.
He stressed that political stability is critical for economic growth and called for swift progress on agreements. TheThe
Prime Minister highlighted Pakistan’s potential to strengthen ties with Central Asian countries, including Azerbaijan and Uzbekistan, which are eager to enhance Economic Cooperation and invest in Pakistan.
He urged collective efforts to capitalize on that opportunity for the nation’s development.
