ISLAMABAD
\nPrime Minister (PM) Shehbaz Sharif has said the result of difficult decisions of government are speaking themselves.
\nHe was addressing a ceremony in Islamabad Wednesday regarding economic reforms He held when we came to power we were facing immense challenges. We were besieged by economic hardships. Inflation had risen to 30 percent. Foreign exchange reserves were depleting fast. We had to take difficult decisions to steer country out of economic morass. inflation ratio has reduced to zero digit. Foreign exchange reserves are rising on fast track basis. The transparency came through e-procurement. Prime Minister Shehbaz Sharif has said that the government is focusing on accelerating growth, expanding exports, and making Pakistan a far easier place to do business. The Prime Minister said these economic governance reforms represent the next phase of Pakistan\u2019s reform journey, marking a shift from crisis management to institutional building.
\nHe said it is an implementation-ready framework that translates economic priorities into time-bound and measurable actions.
\nShehbaz Sharif said that over the past two years, Pakistan has made real and measurable progress. He said inflation has fallen sharply from 29.2 percent to 4.5 percent, while foreign exchange reserves have more than doubled from 9.2 billion dollars to 21.2 billion dollars. He said the current account has moved from a 3.3 billion dollars deficit to a 1.9 billion dollars surplus.
\nThe Prime Minister said the economy has shifted from a primary deficit to a primary surplus, while the fiscal deficit has also narrowed. He said the tax-to-GDP ratio has increased from around eight percent to over ten percent.
\nHe added that more than one million new taxpayers have entered the formal system, while tax collection recorded a growth of 26 percent in 2025. He further said government systems have been digitized.
\nReferring to the successful privatization of Pakistan International Airlines and First Women Bank, the Prime Minister said the privatization process of other important state-owned enterprises is underway and the progress is satisfactory.
\nHe said these achievements have also been recognized by leading global credit rating agencies.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Prime Minister (PM) Shehbaz Sharif has said the result of difficult decisions of government are speaking themselves. He was addressing a ceremony in Islamabad Wednesday regarding economic reforms He held when we came to power we were facing immense challenges. We were besieged by economic hardships. Inflation had risen to 30 percent. Foreign exchange […]<\/p>\n","protected":false},"author":2,"featured_media":510962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-523010","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n