Pakistan Out of Default’s Risks, Economy Recovering: Prime Minister

Tue Nov 29 2022
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Staff Report

ISLAMABAD: While rejecting rumours about Pakistan’s economy, Prime Minister Shehbaz Sharif on Tuesday said that Pakistan was out of risk of default due to difficult decisions of the incumbent coalition government.

The Prime Minister was talking to a delegation of Jefferies, a leading global investment banking risks and capital markets firm. He said the current government was taking all possible steps to strengthen Pakistan’s economy further. He said that the government was striving with priority measures to control inflation and provide relief to the citizens.

Minister for Finance Ishaq Dar was also present during the meeting, the Prime Minister Office Media Wing said in a press release.

PM Shehbaz Regrets Baseless Rumours Risks About Pakistan’s Economy

The prime minister regretted that baseless rumours were being spread about Pakistan’s economy and reprehensible efforts were being risks made to create havoc in the country.

PM Shehbaz Sharif said that without caring about the political price, the coalition government saved Pakistan from the repercussions of the previous government’s maladministration.

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The Prime Minister also reiterated that the government was taking steps to reduce the foreign trade deficit and to facilitate foreign investors in the country. 

The prime minister also invited Jefferies to open its office in Pakistan and benefit from the investment opportunities in the country.

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