Pakistan’s Prime Minister, Shehbaz Sharif, has declared that the country is making progress in overcoming economic challenges caused by tough decisions made by the government. Speaking at the Pakistan Air Force Academy (PAF) in Risalpur, the prime minister said that the country was “on its way” to resolving its economic difficulties soon. The government’s tough policy decisions include fuel price hikes, increased gas rates, and rising living costs, which have led to all-time high inflation. The government has been taking these decisions to meet the International Monetary Fund’s conditions for a staff-level agreement.
Shehbaz Sharif acknowledged that Pakistan is facing challenges in a world shaped by evolving geopolitical and geo-economic factors. He said that the people cannot be left “at the mercy of disruption in the global markets” and that structural economic reforms are necessary to protect the economy from global shocks. He also reiterated Pakistan’s stance on the issue of India-Occupied Kashmir and condemned human rights violations in the region.
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The prime minister praised the Pakistan Air Force, calling it the “principal instrument of our national power” and noting its outstanding performance in neutralizing threats to national security. He also referred to the PAF’s response to the Indian aggression in February 2019 when the PAF shot down two Indian planes that had violated Pakistani airspace. The prime minister warned that Pakistan’s desire for peace should not be misunderstood as weakness and that a just and fair settlement of the Jammu and Kashmir dispute is necessary for peace in South Asia.