Pakistani PM Shehbaz Sharif stresses ‘political stability’ for economic growth


Pakistani Prime Minister Shehbaz Sharif emphasizes “political stability” for economic growth.

Strong points

  • Goals set in ‘economy charter’ must remain unchanged (Pakistani PM Shehbaz Sharif)
  • Country’s economy cannot be streamlined without political stability, says Shehbaz Sharif
  • Pakistani government will create well-structured industrial zones, Prime Minister Shehbaz Sharif says

Pakistan News Updates: Stressing the need for political stability for economic growth, Pakistani Prime Minister Shehbaz Sharif said that whatever happens, regardless of which party comes to power, the goals set in the “charter of the economy ” must remain unchanged.

Addressing a one-day pre-budget business conference in the federal capital on Tuesday, June 7, he said the country’s economy cannot be streamlined without political stability, Geo News reported.

“But it is important to note that without political stability there cannot be economic stability, and vice versa,” he said.

“No matter what happens, no matter which party comes to power, the goals set out in the ‘economy charter’ will remain unchanged. This will become our sacred mission, which will not change,” the prime minister said. , adding: “We need this “The conference was being held to explore avenues of consensual economic measures with all stakeholders on board. It brought together leaders from a wide range of industries on a single platform for interactive debate, in line with the Prime Minister’s vision of the “charter for the economy” and an inclusive approach to policy-making. economic policies.

Points highlighted by Prime Minister Shehbaz Sharif:

The prime minister also highlighted the difference between economic development in the first 25 years of Pakistan’s establishment and 75 years ago and said economic development after that had a “clear” difference.

He also said that there is a need to develop rural areas because when people travel from underdeveloped cities to developed cities, they become a drain on the resources of that place.

“Rural areas, which account for 65% of Pakistan’s population, need to be developed. This can only be done if our children receive quality education there,” the prime minister noted.

He added that there was a need to increase agricultural yield through modern technology as it could change the fate of Pakistan, which would later be exported and help the state treasury, Geo News reported.

Comparing the country’s IT industry to that of India, the Prime Minister said that the latter generates about $200 billion while Pakistan’s industry hovers around $2.5 billion.

“We must go for special export processing zones,” he added.

The Prime Minister said that the government will create well-structured industrial zones.

“To increase the export, the developed area must be given to investors to work there. We must set ambitious goals.”

Speaking about the tough decisions taken by the government, Prime Minister Shehbaz said non-performing assets should be taxed.

“Windwind real estate profits should be taxed,” he said.

(With ANI inputs)

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