Prime Minister Muhammad Shehbaz Sharif on Saturday said Pakistan’s economy had come out of the woods due to the government’s untiring efforts and the economic team’s strategic planning. He acknowledged that when his government took charge, the country was facing financial default, high inflation, rising policy rates, and a business environment in turmoil.
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Addressing the launch of National Regulatory Reforms, the prime minister highlighted the need for dedication and hard work to achieve targets and convert economic goals into reality. He noted that with excellent teamwork and consistent efforts over the past one and a half years, Pakistan was now ready to move forward and grow its economy.
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PM Shehbaz referred to the IMF’s approval of Pakistan’s $1.2 billion tranche and stressed that regulatory reforms, including the newly launched Regimeter portal, would streamline processes, reduce corruption, and attract foreign investment in sectors like agriculture, IT, and minerals.
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He also highlighted Pakistan’s young population and opportunities for vocational training with international certification. The reforms aim to transform Pakistan from a regulatory state into a developmental state, supported by tariff rationalisation, regulatory modernisation, and export-led industrial revival, with international partners including the UK, Middle East, and the US.
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