PM Shehbaz promises financial reversal through structural reforms

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Prime Minister Shehbaz Sharif said the government was.

The Prime Minister was referring to leading international universities under the government’s Uraan Pakistan Summer Scholars program, saying that the coalition government had assumed Embedet in 2023 at a time when the country was on the brim of default.

“The majority believed that Pakistan would default, while a small minority held hope that we might avoid it,” he said, remembering his meetings with the IMF Managing Director, where he insured Pakistan’s obligation to stabilize the economy and end the program.

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The premiere said inflation had risen to 38 percent and the political rate stood at 22.5 PC at the time while business mood had fallen. “The burden was huge, but we went ahead with sincerity and unity. Today, the policy rate has been brought down to less than 11 pc, and initiatives like Uraan Pakistan are taken off.”

He described the path ahead as “challenging” and noted that successive governments had avoided implementing structural reforms. “We now have to commit to these too long-to-be-expanded changes through sustained efforts,” he emphasized.

He highlighted reforms within the Federal Board of Revenue (FBR) and claimed that the government had acted decisively to remove corrupt officials without giving in to political pressure or the culture of sifarian.

“In the past, digitization efforts were limited to paperwork, manipulated by interested interests,” he said, adding that his government had appointed competent individuals, including a new FBR chairman and expert consultants. “Today, FBR’s operations are increasingly becoming digital, with AI-based tools and faceless interaction becomes the norm.”

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As a result of enforcement efforts, he said the revenue collection in a sector alone had risen from RS12 billion to over RS50 billion. Per year, which revealed the extent of previous tax evasion.

“We are facing a long and thorny journey with mountain -like challenges,” noted the prime minister. “But we will not get away from our responsibilities. I believe in teamwork and accountability – those who appear are recognized and those who do not show the door.”

He said that failure to meet financial goals was not an option. “Delivery is the name of the game; Performance is the name of the game.”

He emphasized the importance of youth development and said that investment in young people was an investment in Pakistan’s future. In response to questions from students, the leading launch of credit -based scholarships in Punjab remembered for underprivileged students during his term of office as Chief Minister.

In climate change, the Prime Minister noted that Pakistan had suffered massive financial losses during the floods in 2022 – estimated at $ 30 billion. – Despite contributing only a negligible share to global emissions.

In response to another question, Prime Minister Shehbaz approached recent tensions with India and said that this year Pakistan responded to “unsolicited aggression” in the wake of the Pahagam event.

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He said Pakistan had proposed an international investigation into the case, but India did not answer. “As a result of Indian aggression, 55 Pakistanis were martyrated. We responded to self -defense by taking up six Indian aircraft,” he claimed, adding that Pakistan on May 9 and 10 had reciprocated with full strength.

He paid tribute to the armed forces for their professionalism and reiterated that Pakistan’s nuclear program was solely for peaceful purposes and national defense.

The Prime Minister expressed confidence in the students elected under the Uraan Pakistan program and expanded the best wishes for their academic and professional journeys.

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