ISLAMABAD: Prime Minister Shehbaz Sharif delivered a speech at the National Defence University workshop in Islamabad on Thursday, highlighting the significant achievement of Pakistan’s stock market surpassing the 100,000-point milestone.
This success, he stated, was the result of strong collaboration between the federal government and key stakeholders, marking a significant step in Pakistan’s economic recovery. Acknowledging the historic dip following recent protests, the Prime Minister praised the market’s swift recovery, highlighting the importance of cooperation in steering the nation towards a positive economic trajectory.
Prime Minister Shehbaz Sharif also stated there is a direct link between national security and economic stability. He pointed out that recent protests, which saw thousands of armed individuals heading towards Islamabad, led to a significant downturn in the stock market, marking one of the worst declines in its history.
Shehbaz Sharif added that economic strength is critical for improving national security, highlighting the role of increasing exports in strengthening both the economy and national defence. He acknowledged that Pakistan has faced a slow economic recovery over the past decades, due to various factors, including a lack of effective policy implementation.
However, he also recognized the ongoing challenges, referencing the close call with default in June 2023. Despite these difficulties, PM Sharif remains optimistic about the country’s future, urging continued efforts to overcome economic obstacles and secure a better future for Pakistan.
