Islamabad (TDI): Prime Minister Shehbaz Sharif on Tuesday inaugurated the economic initiative ‘Uraan Pakistan’, declaring it a pivotal moment for the country’s future.
Speaking at the launch ceremony organized in Islamabad, attended by senior government officials, federal ministers, and institutional heads, the prime minister said, “Today is a historic day as we start the journey of Uraan Pakistan.”
He underlined the coalition government’s struggle to stabilise the economy during Pakistan’s 2023 financial crisis.
“When we were on the brink of default and striving for the IMF program, we decided to prioritise saving the state over politics,” he said.
The PM accused opposition elements of attempting to block the IMF program, calling it a grave injustice to the people. Despite these hurdles, he said, “Pakistan has successfully achieved macroeconomic stability.”
Praising the collaboration between government institutions, the premier said that he had never seen such a partnership before. “
“My prayer is for this unity to endure as we move forward with determination and solidarity, learning from past mistakes.”
PM Shehbaz credited the public for enduring economic challenges and vowed to build on the current stability, describing it as “only the beginning.”
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He also criticised the previous government for straining ties with friendly countries, saying that their conduct left Pakistan isolated on the international stage.
He outlined ambitious goals for economic reforms, expressing optimism that Pakistan’s current IMF deal would be its last.
“Through hard work, we can achieve success. Inflation has visibly declined, and collaboration between the government and institutions continues to strengthen,” he stated, adding, “Sustainable development cannot rely on costly electricity, and I wish I could slash taxes by ten to fifteen per cent.”
Finance Minister Highlights Uraan Pakistan’s Objectives
Finance Minister Muhammad Aurangzeb, speaking earlier at the event, highlighted the objectives of the Uraan Pakistan initiative.
He claimed the plan would elevate national economy to a global level within three years.
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Highlighting recent achievements, he said, “The country recorded a fiscal surplus for the first time in twenty-four years, reduced inflation from 38 percent to 5 percent, and improved the policy rate from 22 percent to 13 percent.
He said that the stock market is now the second-best performing internationally, and investor confidence—both local and foreign—has boosted.
