Govt’s reforms yielding results with reduced inflation, public debt: PM

On Thursday, Prime Minister Shehbaz Sharif stated that the government’s reform initiatives were beginning to show results. He cited the effective taming of food inflation, the reduction of the current account deficit, and the decline in the national debt to a level that is more manageable.

The prime minister outlined his government’s reform programme, which is centred on governance, taxation, and ease of doing business in order to attract foreign direct investment (FDI), in a conversation with Dr. Wu Fulin, Chairman of the China Export-Import Bank (EXIM).

He was grateful for the EXIM Bank’s ongoing assistance with Pakistan’s industrial, agricultural, and IT transformation.

In an effort to increase Pakistan’s exports to foreign markets, he also talked about the potential role that the China EXIM Bank may play in funding trade financing and joint venture projects between China and Pakistan.