- PM says Pakistan avoided default through the IMF -Deal effort.
- Climate change caused $ 30 billion losses. In flooding in 2022: Premier.
- “FBR digitized, revenue jump from RS12 billion to RS50 billion”
Islamabad: Prime Minister Shehbaz Sharif on Saturday confirmed his government’s obligation to achieve economic prosperity through long -term structural reforms, institutional changes and a renewed focus on credit -based governance.
“The road is very challenging as there were long -due reforms, and the structural changes had not taken place in the last several decades,” he said, approaching a group of Pakistani students who are given education in the world’s leading educational institutes and elected to the government’s internship Summer research program by Uraan Pakistan.
The Prime Minister emphasized that Pakistan had to take on these overdue long structural changes through tireless and long efforts.
Initially, he pointed out that when Pakistan Muslim League-Nawaz (PML-N) took over the government in 2023, Pakistan faced a serious threat of default and their fate hanging in balance.
“The majority saw that Pakistan would go into default, while the minority believed we would escape this disaster,” he said, adding that he was holding marathon discussions with the International Monetary Fund (IMF) CEO and assured that Pakistan would not run into default and obtain the IMF program.
The prime minister said the economy during that period was in poor form, with galloping inflation affected 38%, while the policy rate hovered by 22.5%. The business satellite in the country was very skeptical.
The premiere also said in his remarks that they had the enormous burden and onus to march unisont and work with sincerity of the purpose of changing the situation.
He also referred to reforms and digitization of the Federal Board of Revenue (FBR) and said they had shown doors to the corrupt people without being affected.
To wipe out corruption in FBR, he was very clear in his mind and made decisions that had never made without following a culture with any ‘sifarian’, he added.
The Prime Minister said the digitization process previously was limited to papers in the FBR, as no practical step was taken and accused the corrupt and wise elements of hooding the system.
He said it did not mean that there was a lack of hard -working and honest bureaucrats who did not get the chance and added that they had presented the best people in FBR, including its chairman and employed expert consultants.
Now he said that digitization was the hallmark of FBR, where the work had been converted from papers to several initiatives, including AI and faceless interaction.
Through enforcing these measures, revenue collection had risen from RS12 billion to more than 50 billion rupees in one year, showing massive tax evasion in a sector alone, he maintained.
“We have a long and thorny journey and against mountain as obstacles, but I assure that we will not give away from performing our duties in the nation.”
In response to the student’s inquiry, he said that, due to climate change, Pakistan suffered a great deal of flooding in 2022, with economy facing losses of $ 30 billion, despite the fact that the country did not contribute a percentage of percentage in global greenhouse effects.
The prime minister, who answered a question, said that during the month of May, Pakistan was facing India’s unsolicited aggression based on the Pahagam incident.
He said he had offered an equal proposal to India to have this case investigated by the international bodies, but India never commented on this proposal.
As a result of Indian aggression, 55 Pakistanis were the martyr, and they responded to self -defense by taking down six Indian aircraft, he said, adding, while he was on May 9 and 10, after India’s attack, Pakistan responded with full power and taught the enemy a lesson.
The Prime Minister praised the armed forces for showing their professional abilities and courage and said Pakistan won the conventional war.
He maintained that Pakistan’s nuclear program was intended for the peaceful purposes and for self -defense only.
