ISLAMABAD: Prime Minister Shehbaz Sharif, while expressing satisfaction with the performance of his government, has said that when corrupt elements were removed from the system, the revenue of just one sector increased from Rs12 billion to Rs50 billion.

Addressing selected students at the Udan Pakistan Summer Scholars Program, Prime Minister Shehbaz Sharif said that the government is making long-overdue reforms, structural changes and a merit-based system its top priority for complete economic revival.

He said, “We have made collective efforts to remove the threat of bankruptcy, stabilized the economy and now the interest rate has come down from 22.5 percent to 11 percent.”

The Prime Minister said that when he took over the government in 2023, the country was facing a serious economic crisis, with inflation at 38 percent and the policy rate at the highest level in history.

He said that the country was saved from bankruptcy through tough negotiations with the International Monetary Fund (IMF), we took serious decisions, believed in teamwork and implemented reforms without any recommendation or pressure.

The Prime Minister further said that the digitization process in the Federal Board of Revenue (FBR) has been completed and corrupt elements have been removed from the system.

He said that with reforms........

© The Patriot