PM Shehbaz briefed on IMF talks, reviews economic situation

The Ministry of Finance briefed Prime Minister Shehbaz Sharif regarding the ongoing talks with the International Monetary Fund (IMF) on Monday.

According to a statement released by the Prime Minister’s Office (PMO), PM Shehbaz chaired a meeting to review the country’s economic situation.

The meeting was briefed on economic indicators and the current inflation situation, while updates were also provided on measures against tax evasion and those aiding tax evaders.

“The country is on the path to economic stability,” the PM was quoted as saying, adding that measures taken for economic growth have led to a positive trend in the stock market.

“Foreign investors are showing confidence in government policies,” he said.

Shehbaz said public relief must be prioritised. “We are making every possible effort to fulfil promises made to the public,” he assured.

The PM noted that the inflation rate has declined from 38% last year to 7%, while the interest rate has reduced from 22% to 15%. “The reduction in interest rates will boost business activity and create new employment opportunities,” PM noted.

During the meeting, the prime minister commended the Chief Minister of Punjab and the Punjab government for reforms in the agricultural sector