{"id":7220,"date":"2025-12-31T20:33:10","date_gmt":"2025-12-31T15:33:10","guid":{"rendered":"https:\/\/youdigital.pk\/en\/?p=7220"},"modified":"2025-12-31T20:33:10","modified_gmt":"2025-12-31T15:33:10","slug":"govt-prioritizing-export-growth-and-business-reforms-says-pm-shehbaz","status":"publish","type":"post","link":"https:\/\/youdigital.pk\/en\/2025\/12\/31\/govt-prioritizing-export-growth-and-business-reforms-says-pm-shehbaz","title":{"rendered":"Govt prioritizing export growth and business reforms, says PM Shehbaz"},"content":{"rendered":"

Islamabad :<\/strong> Prime Minister Shehbaz Sharif<\/strong> stated that the government\u2019s top priority is to accelerate economic growth, enhance exports, and transform Pakistan into a more business-friendly environment.<\/p>\n

He made these remarks during a virtual address at a ceremony on economic reforms, which was broadcast from Islamabad.<\/p>\n

The prime minister explained that the current series of economic governance reforms represents a pivotal moment in Pakistan\u2019s reform journey, as the nation transitions from emergency measures towards establishing robust, sustainable institutions.<\/p>\n

He highlighted that the reform plan is practical, not theoretical, and is ready for implementation, with specific timelines and measurable targets designed to translate national economic objectives into tangible outcomes.<\/p>\n

Referring to the nation\u2019s progress over the last two years, PM Shehbaz pointed out substantial, verifiable improvements in key economic indicators.<\/p>\n

He noted a sharp reduction in inflation, which has fallen from 29.2% to 4.5%, and a substantial increase in foreign exchange reserves, which have risen from $9.2 billion to $21.2 billion<\/strong>.<\/p>\n

Furthermore, the prime minister emphasized the turnaround in the current account balance, which shifted from a deficit of $3.3 billion to a surplus of $1.9 billion<\/strong>.<\/p>\n

He also mentioned the shift of the economy from a primary deficit to a primary surplus, with a noticeable reduction in the fiscal deficit. Additionally, the tax-to-GDP ratio has improved from around 8% to over 10%<\/strong>.<\/p>\n

In his speech, PM Shehbaz revealed that more than one million new taxpayers<\/strong> have been brought into the formal tax system, and tax revenues have seen a 26% increase in 2025<\/strong>. He attributed these advancements to the digitization of government systems.<\/p>\n

On the topic of privatization, the prime minister referred to the successful privatization of Pakistan International Airlines (PIA)<\/strong> and the First Women Bank<\/strong>, noting that these steps reflect the government\u2019s reform-oriented approach.<\/p>\n

He assured that the privatization of other major state-owned enterprises is progressing positively.<\/p>\n

PM Shehbaz concluded by stating that these economic achievements have garnered positive recognition from leading international credit rating agencies, demonstrating increasing confidence in Pakistan\u2019s economic management.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad : Prime Minister Shehbaz Sharif stated that the government\u2019s top priority is to accelerate economic growth, enhance exports, and transform Pakistan into a more business-friendly environment. He made these remarks during a virtual address at a ceremony on economic reforms, which was broadcast from Islamabad. The prime minister explained that the current series of …<\/p>\n","protected":false},"author":9,"featured_media":7221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[160,2294],"class_list":["post-7220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news","tag-headline","tag-youdigital"],"_links":{"self":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/7220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/comments?post=7220"}],"version-history":[{"count":1,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/7220\/revisions"}],"predecessor-version":[{"id":7222,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/7220\/revisions\/7222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media\/7221"}],"wp:attachment":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media?parent=7220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/categories?post=7220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/tags?post=7220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}