AGL 38.51 Increased By ▲ 0.94 (2.5%)
AIRLINK 129.15 Decreased By ▼ -3.35 (-2.53%)
BOP 5.62 Decreased By ▼ -0.02 (-0.35%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.74 Decreased By ▼ -0.13 (-1.47%)
DFML 41.90 Increased By ▲ 0.90 (2.2%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 34.89 Decreased By ▼ -0.19 (-0.54%)
FFBL 66.80 Increased By ▲ 0.30 (0.45%)
FFL 10.54 Increased By ▲ 0.39 (3.84%)
HUBC 108.59 Increased By ▲ 2.19 (2.06%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.77 Decreased By ▼ -0.09 (-1.85%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.68 Decreased By ▼ -0.12 (-0.29%)
NBP 59.65 Increased By ▲ 1.07 (1.83%)
OGDC 183.65 Increased By ▲ 2.40 (1.32%)
PAEL 26.20 Increased By ▲ 0.50 (1.95%)
PIBTL 5.95 Increased By ▲ 0.12 (2.06%)
PPL 148.00 Decreased By ▼ -0.40 (-0.27%)
PRL 23.57 Increased By ▲ 0.35 (1.51%)
PTC 16.53 Increased By ▲ 1.29 (8.46%)
SEARL 68.20 Decreased By ▼ -0.59 (-0.86%)
TELE 7.20 Decreased By ▼ -0.04 (-0.55%)
TOMCL 35.80 Decreased By ▼ -0.20 (-0.56%)
TPLP 7.74 Increased By ▲ 0.34 (4.59%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.48 Decreased By ▼ -0.37 (-0.73%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,409 Increased By 471.2 (0.51%)
KSE30 28,857 Increased By 113.6 (0.4%)
Pakistan

PM Shehbaz admits govt's 'tough decisions' leading to inflation

  • Premier urges all political leaders to sit together and make critical economic decisions
Published March 16, 2023

Prime Minister Shehbaz Sharif on Thursday admitted that the government’s “tough decisions” were leading to “inflation and difficult conditions” for the masses but hoped that there will be “light at the end of the tunnel,” Aaj News reported.

He made these remarks while addressing a special Senate session being held in Islamabad on Thursday to celebrate the golden jubilee of the upper house of parliament.

PM Shehbaz said that Pakistan will after all secure the IMF tranche but called for all political leaders to sit together and make critical economic decisions.

“Political differences should be left aside and decisions should be taken. There is still time for us to come to our senses,” said the PM.

During his address, the premier said when the PDMt-led government took over the economy was facing very difficult challenges. He stressed that things began to go south when the previous government derailed the IMF deal.

“We took over through a constitutional instrument and this coalition government faced a very difficult challenge and we had two choices,” said the PM.

He added the first option was that the current government could follow the path taken by the Imran Khan-led government. Still, it showed the “highest level of responsibility, maturity, and statesmanship.

He added that the current government through a consultative process adopted a path that would protect Pakistan.

“We had to make some bold decisions. And the process certainly led to inflation and tough conditions for the common man in Pakistan but we did not shy away from taking those decisions,” said the PM. He added that the coalition government “saved the state and sacrificed their politics.”

“I have to say that we are going through a difficult period but there is light at the end of the tunnel, provided you are sincere to the cause,” said the PM.

He added that Ishaq Dar was working tirelessly to overturn the economy.

More to follow.

Comments

Comments are closed.

zh Mar 16, 2023 10:08pm
Government's folly and incompetence and not the tough decisions are root cause of inflation.
thumb_up Recommended (0)