ISLAMABAD: According to Prime Minister Shehbaz Sharif, economic success and national peace are closely related and would accelerate progress.
“For economic stability, a conducive environment was requisite,” the premier stated during a Tuesday federal cabinet meeting.
Pakistan is currently negotiating a challenging road to recovery, supported by the $7 billion Extended Fund Facility (EFF) obtained in September 2024 from the International Monetary Fund (IMF).
With reserves insufficient to cover a month’s worth of restricted imports in 2023, the South Asian country barely avoided a sovereign debt default.
Although attempts to privatize Pakistan International Airlines, the country’s flag airline, and outsource the capital’s airport are being accelerated in an attempt to increase revenue.
