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Pakistan's Premier Multilingual News Agency

Government acting swiftly to stabilize Economy, says PM Shehbaz

PM Shehbaz Sharif was speaking with a group from the international bank Rothschild & Co. that paid him a visit on Monday in Islamabad.

Islamabad, 21 February 2023 (GNP): According to the Prime Minister, Shehbaz Sharif, his administration was acting swiftly and decisively to get the economy back on track.

PM Shehbaz’s resolution came at a time when, according to the country’s central bank, the country’s current account deficit (CAD) decreased to $0.2 billion in January 2023, down 90% from the previous year as the depreciation of the rupee slowed down imports.

He was speaking with a group from the international bank Rothschild & Co. that paid him a visit on Monday in Islamabad.

The Prime Minister claimed that the present administration has taken effective steps to strengthen the economy despite dealing with natural calamities like floods and inheriting poor management from the previous administration.

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Shahbaz Sharif emphasized the government’s determination to reduce pointless imports and boost exports at the same time in order to stabilize the economy.

The delegation characterized Pakistan’s talented workforce as the nation’s main strength while claiming that the country’s economic situation was steady.

The Pakistan Stock Exchange (PSX), according to the delegation, is one of the most efficient exchanges in the area. The team also praised Pakistan for bringing up the concern of climate change in international forums.

 

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