Islamabad: Prime Minister Muhammad Shehbaz Sharif has directed the authorities concerned to expedite action against tax evaders. He was chairing a meeting in Islamabad to review the overall economic situation of the country. The Prime Minister stated that national progress is achievable only when everyone fulfills their due responsibility. As the country moves toward economic stability, he emphasized that tax evaders and their abettors will not escape justice.

According to Radio Pakistan, the Prime Minister highlighted the government’s major economic achievements thus far, mentioning the bullish trend in the stock market and a significant reduction in the inflation rate from 38 percent to 7 percent. Shehbaz Sharif underscored that providing relief to the people remains a top priority, with the goal of fulfilling promises made to them.

The Prime Minister also noted that the decline in the interest rate from 22 to 15 percent is expected to boost business activities in the country. He pointed out that foreign
investors’ confidence has increased in the last few months under the incumbent government, while foreign exchange reserves have seen an uptick due to a rise in domestic exports and record remittances.

Additionally, Shehbaz Sharif paid tribute to the Punjab government for its landmark reforms in the agricultural sector. During the meeting, the attendees were briefed about the current economic situation, inflation, and actions taken against tax evaders. The Finance Ministry provided an update on the discussions held with IMF delegations.