PM Sharif emphasizes political stability as key to economic growth in Pakistan

Prime Minister Shehbaz Sharif stated that economic development in Pakistan relies on political stability. He highlighted improvements in macroeconomic indicators, including a drop in inflation to 4.1% and a rise in foreign remittances and exports. During a meeting of the Special Investment Facilitation Council, he noted that memoranda of understanding worth billions had been signed with Saudi Arabia, Qatar, and the UAE. He emphasized the need for export-led growth to sustain economic progress. Sharif also addressed security concerns, asserting that law enforcement agencies are prepared to combat terrorism. He mentioned a reduction in sugar smuggling and reported significant earnings from sugar and rice exports.