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PM Shehbaz Emphasizes Economic Growth as Key to National Stability

Prime Minister Shehbaz Sharif has underscored the strong link between national peace and economic prosperity, stating that a stable and conducive environment is essential for sustained progress.

Addressing a federal cabinet meeting, the premier highlighted Pakistan’s ongoing economic recovery, bolstered by the $7 billion Extended Fund Facility (EFF) secured from the International Monetary Fund (IMF) in September 2024. While Pakistan narrowly avoided a sovereign debt default, challenges remain, particularly in boosting foreign reserves and accelerating privatization efforts. However, initiatives such as privatizing Pakistan International Airlines (PIA) and outsourcing Islamabad’s airport have yet to yield success.

During the meeting, PM Shehbaz paid tribute to the country’s security personnel, commending their sacrifices in the fight against terrorism. He specifically mentioned Lt Hassan Arshaf, who was martyred while combating terrorist elements. Reaffirming the government’s commitment to eliminating terrorism, the prime minister described it as a top priority amid rising attacks, particularly in Khyber Pakhtunkhwa and Balochistan. According to the Pakistan Institute for Conflict and Security Studies (PICSS), terrorist incidents surged by 42% in January 2025 compared to the previous month.

The premier also discussed Pakistan’s diplomatic ties with Turkiye, lauding President Recep Tayyip Erdogan for his steadfast support on global platforms, especially concerning Palestine and Kashmir. PM Shehbaz reiterated the goal of increasing bilateral trade to $5 billion, emphasizing that both nations share a deep bond. He noted that a recently completed flyover in Islamabad, built within 84 days, was named after President Erdogan as a symbol of Pakistan’s appreciation.

Additionally, he welcomed a recent Gallup survey, which revealed that 55% of the population supports the government’s pro-business policies. He stressed the importance of accelerating the economic agenda, particularly through the Uraan Pakistan initiative.

Regarding his meeting with a World Bank delegation, the prime minister shared that directors had expressed satisfaction with Pakistan’s reform agenda and macroeconomic progress, crediting the entire cabinet for these achievements.

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