Islamabad: Prime Minister Shehbaz Sharif has announced that the government is concentrating efforts on accelerating economic growth, expanding exports, and enhancing the ease of doing business in Pakistan. He made these remarks during a virtual address at a ceremony in Islamabad focused on economic reforms.

According to Radio Pakistan, the Prime Minister emphasized that the economic governance reforms signify a transition from crisis management to institutional development. These reforms are part of a framework designed to transform economic priorities into specific, time-bound actions. Over the past two years, Pakistan has achieved significant economic milestones, with inflation dropping from 29.2 percent to 4.5 percent, and foreign exchange reserves increasing from $9.2 billion to $21.2 billion. The current account has shifted from a deficit of $3.3 billion to a surplus of $1.9 billion.

Additionally, the Prime Minister highlighted the shift from a primary fiscal deficit to a surplus and a reduction in the overall fiscal deficit. The tax-to-GDP ratio has seen an increase from around eight percent to over ten percent. More than one million new taxpayers have entered the formal system, contributing to a 26 percent increase in tax collection in 2025. Government systems have also undergone digitization.

The Prime Minister noted the successful privatization of Pakistan International Airlines and First Women Bank, and stated that the privatization process for other major state-owned enterprises is progressing well. He also mentioned that these economic achievements have been recognized by leading global credit rating agencies.