ISLAMABAD (Hayat News): Prime Minister Muhammad Shehbaz Sharif on Friday extended his congratulations to the nation as the Pakistan Stock Exchange’s 100-index soared past the landmark 90,000-point threshold.
In a statement released by the PM Office, the prime minister noted that the stock market’s steady growth since March 2024 signals strong investor confidence in the government’s economic policies.
“This impressive stock market surge, the fastest in 14 years, is the result of the unwavering commitment of our economic team,” PM Shehbaz stated.
He highlighted a 36% growth in the stock market since March 2024, alongside a notable decline in inflation and increased economic stability, attributing these achievements to the diligence of the economic team.
The inflation rate has dropped sharply from 38% to 6.9%, with the current account showing a surplus over the last two months.
In the last quarter, Overseas Pakistanis also contributed record remittances of $8.8 billion, further strengthening the economy, he added.
The prime minister emphasized efforts to renegotiate contracts with Independent Power Producers (IPPs) to reduce costs for consumers, while also acknowledging the $7 billion long-term facility from the International Monetary Fund (IMF) as a significant step toward economic resilience.
He expressed that hopes for Pakistan’s default had been defeated, reaffirming his commitment to preventing any setbacks to the nation’s progress.
“We have safeguarded the nation’s future by putting the country before politics,” he said.
The prime minister looked forward to further positive developments in Pakistan’s economic landscape in the days ahead.
