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PM Shahbaz Sharif Promises Economic Reform, Focuses on Privatization and National Security
PM Shahbaz Sharif announces plans to hand over business operations to the private sector, emphasizing economic growth and national security. 'The rise in the stock exchange reflects investor trust,' says Sharif.
ND
by News Desk
2024-11-28
PM Shahbaz Sharif Promises Economic Reform, Focuses on Privatization and National Security

In a bold statement at the 26th National Security Workshop at the National Defense University in Islamabad, Prime Minister Shahbaz Sharif reaffirmed his commitment to economic reforms, declaring that the federal and provincial governments' role should not be in business. Instead, he announced plans to privatize business operations, transferring them to the private sector.

Shahbaz Sharif, accompanied by Army Chief General Asim Munir, emphasized that such reforms were crucial for the country’s economic recovery. He pointed out that the rise of the stock exchange above 100,000 points reflects growing investor confidence in the government’s policies. According to the Prime Minister, shifting business operations to the private sector could save the nation trillions of rupees and help steer Pakistan away from a potential financial crisis.

The Prime Minister also highlighted that national security is deeply tied to economic security, stressing that the sacrifices made to avoid Pakistan’s default were not in vain. He acknowledged that the IMF was the only viable option to prevent default, despite previous breaches of promises to the financial institution.

Sharif also spoke about the ongoing threats to the country’s stability, pointing to attempts by political enemies to destabilize the nation. Referring to the violence in Islamabad and the targeting of the country’s progress, he warned that such forces would not be allowed to succeed in their attempts.

Reflecting on the sacrifices made during Pakistan's war against terrorism, the Prime Minister reminded the audience that 80,000 lives were lost in the struggle, and the country had suffered a loss of $130 billion. Despite these setbacks, Sharif reaffirmed his determination to continue fighting terrorism and restore stability.
Tagged:

Pakistan

NationalSecurity

Privatization

EconomicGrowth
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