Prime Minister Shehbaz Sharif's Economic Achievements Highlighted in Budget Announcement

Web DeskJune 14, 2024 03:59 AMpolitics
  • Inflation rate reduced from 38% to 11% under government's economic policies
  • Successful completion of stand-by agreement with IMF
  • Stabilization of economy through strategic measures like lowering interest rates and boosting exports
Prime Minister Shehbaz Sharif's Economic Achievements Highlighted in Budget AnnouncementImage Credits: pakistantoday
The recent budget presented by the Pakistan Muslim League (N) led coalition government highlights Prime Minister Shehbaz Sharif's successful economic strategies, including reducing inflation rates and stabilizing the economy through strategic measures.

The Pakistan Muslim League (N) led coalition government recently presented a comprehensive budget for the fiscal year 2024-25. The Chairman of the Prime Minister Youth Programme highlighted a significant achievement in the form of successfully completing a stand-by agreement with the International Monetary Fund (IMF). One of the major accomplishments emphasized was the substantial reduction of the inflation rate from 38% to 11% under the government's economic policies.

Upon assuming office, Prime Minister Shehbaz Sharif faced a challenging economic scenario, with the country facing the threat of default. However, through a strategic approach that included lowering the State Bank of Pakistan's interest rate, boosting exports, and reducing imports, the government successfully stabilized the economy.

Under the leadership of Prime Minister Shehbaz Sharif, Pakistan's economy is now on a positive trajectory. The Chairman expressed optimism that the government will effectively tackle the remaining financial hurdles and continue to guide the economy towards prosperity.

The recent budget announcement and economic achievements signify a promising future for Pakistan under the leadership of Prime Minister Shehbaz Sharif. With a focus on stability and growth, the government's efforts are aimed at ensuring a prosperous and sustainable economy for the country's citizens.

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