On Tuesday, Prime Minister Shehbaz Sharif announced that a Saudi delegation would soon visit Pakistan, with the expectation of signing agreements and memorandums of understanding (MoUs) totaling $2 billion.
At a federal cabinet meeting, the Prime Minister expressed gratitude to China, Saudi Arabia, and the UAE for their assistance in securing the IMF loan.
He also highlighted last week’s fruitful visit from Malaysian Prime Minister Anwar Ibrahim, during which Pakistan agreed to supply Halal meat and rice to Malaysia, according to the state-run APP.
The Prime Minister credited strong collaboration for the approval of the IMF program, noting that inflation had decreased from 32% to 6.9%.
Additionally, he pointed out improvements in exports, remittances, IT services, and the stock market’s performance.
He emphasized that any attempts to derail these achievements for political gain would be a grave disservice to the country.
Addressing his administration’s reform measures, the Prime Minister highlighted the expansion of the tax base, a rise in tax return filers, and the digitization of the Federal Board of Revenue (FBR).
He stressed that creating a stable and secure environment was essential for encouraging investment.
He also acknowledged the support of the IMF’s leadership in approving the loan for Pakistan and mentioned her recognition of the reform efforts by both his government and the caretaker administration.
In the meeting, the Prime Minister also referenced a recent attack near Karachi airport that killed two Chinese engineers and injured another, despite the government’s comprehensive efforts to safeguard their security.
